Telangana Minister KTR proposes measures to Centre to revive economy post Covid-crisis

Telangana Minister K. T. Rama Rao on Friday in a series of tweets proposed some measures to Union Government which it may initiate to "reboot and energise" India's ecomy to attract investments to country as it combats Coronavirus crisis. Tagging Union Minister of Commerce and Industry Piyush Goyal he said that India has a great opportunity, "let’s grab it aggressively."

'Carry our bold and essential reforms'

First, he urged Government to carry out bold and essential reforms at earliest. He asked to imbibe all best practices in Ease of Doing Business to propel India into top 20 in world rankings. He suggested that country's dated labour laws and bankruptcy laws should be updated and more importantly re's a need to guarantee and hour consistency in state policies to investors.

In ar tweet, Telangana Minister said that it is very important to focus on creating world-class industrial infrastructure in a mission mode over next one year - "large self-contained industrial parks; corridors; develop world-class ITIs & polytechnics (2-4 for every state) Capacity building in Infra & skills is vital," he said. 

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'Brace up for a post-COVID-19 world'

In his final tweet, he said that if India has to compete for manufacturing opportunities, it needs to "Scale-up". Ecomies of scale will help us with a competitive edge, he ded. TRS president said that Mega industrial parks such as Hyderab Pharma City and Kakatiya Mega Textile Park in Telangana need to be promoted as projects of national importance.

KT Rama Rao on Thursday conducted a review meeting with senior officials of IT and Industries Departments in Hyderab to discuss emerging situation in post-coronavirus world. "Every one of us should brace up for a post-COVID-19 world," said Minister KTR in his opening remark.

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