Telangana Min KTR leads delegation to US, aims to bolster investment influx in state

Telangana's IT and Industries Minister KT Rama Rao (KTR) on Saturday, March 19, heed for a week-long trip to US. minister will hold meetings with global enterprises to garner investments in South Indian state. delegation led by minister KTR is expected to visit a number of cities including Los Angeles, San Diego, San Jose, Boston and New York. 

"Minister KTR has a packed agenda in this week-long trip and will be meeting top management executives of several world-renowned companies in US," re a press statement by KTR's office. Minister will pitch for progressive policies and investor-friendly climate in state. Notably, minister is accompanied by Telangana IT and Industries Principal Secretary Jayesh Ranjan, Director Electronics Sujai Karampuri, Director Life Sciences Shakti Nagappan, Director Food Processing Akhil Gawar, Director Promotions Vijay Rangineni and Chief Relations Officer of state, Amarnath Reddy.

Taking to Twitter to announce development, KT Rama Rao wrote, "On my way to United States for a work trip after 5 years. Lots of exciting meetings lined up in west coast and east coast over course of next week Looking forward to some hectic activity & travel"
 

Telangana ranked 3rd in EoDB rankings

According to  annual report 2020-21, of 'Invest Telangana,'  state is placed third in nation-wide Ease of Doing Business (EoDB) rankings for year 2019. Hyderab has been selected by World Economic Forum (WEF) as one of four Indian cities to pioneer a romap for Smart cities. It is pertinent to mention here that WEF has chosen 36 cities from 22 countries to pioneer a new global policy romap for smart cities developed by G20 Global Smart Cities Alliance.

government of Telangana enacted Telangana State Industrial Project Approval and Self-Certifcation System (TS-iPASS) Act, in 2014. Act was legislated for issue of various clearances for setting up of industries at a single point based on self-certificate provided by entrepreneur and also to create an investor-friendly environment in state. Telangana’s share of national nominal GDP has augmented significantly from 4.76% in 2019-20 to 5% in 2020-21. per capita income in state continues to be higher than national average at 1.78 times.