1,500 crore investments in Telangana State in one day
TS CM inaugurates two plants, lays foundation stone for third one involving total investment of Rs.1500 cr, in Mahabubnagar dist on Thursday
Brushing aside apprehensions of his critics, Telangana Chief Minister K Chandrasekhar Rao on Thursday reiterated that his government would offer ‘graft-free’ services to all the industrialists and industrial groups who would come forward to invest in the new state.
The Chief Minister who was on a whirlwind tour of Mahabubnagar district on Thursday inaugurated two plants and laid foundation stone for third one, involving total investments of around Rs 1,500 crore.
Speaking at these events, he said that his government would soon announce new industrial policy that would be one among the best in the country.
“We have already completed the exercise after discussing with global as well as local industrialists, besides associations. In addition, we also obtained necessary inputs from our district leaders. Now the policy is ready and we will unveil it during the forthcoming Budget session of the Assembly,” the Chief Minister said.Stating that TS would come out with best single window clearance policy, he said that his government would simplify the process in such a way that industrialists could directly apply online.
Further, Rao said his office (CMO) will monitor entire approval process and there will not be interference from any other official in the state. During the Thursday’s whirlwind tour, he first inaugurated Rs 200-crore pharmaceutical glass manufacturing plant established by Cogent Glass Limited at Vemula village in Addakal mandal. The plant is expected to generate 450 direct and 1,000 indirect jobs.
In the evening, he opened a state-of-the art manufacturing facility of Procter & Gamble (P&G) Home Products India at Kothur village, located nearly 60 km away from Hyderabad.
Set up with an investment of Rs 900 crore and spread over on a 170-acre site, the plant is touted as the company’s largest facility in Asia. In addition, he also laid foundation for Rs 400-crore manufacturing plant of baby care products major Johnson & Johnson located near P&G’s facility.