KT Rama Rao urges Europe to invest in Telangana

HYDERABAD: Telangana industries minister KT Rama Rao has asked European diplomats and representatives of European Business Group (EBG) to consider investment opportunities in pharma and life sciences, IT, defence and aerospace, and textile sectors in the state. Assuring them of all possible assistance from the state, KTR appealed to the diplomats during a video conference on Thursday to support the government in attracting investments. “I will be interacting with the heads of industries from various countries soon,” he said.
KTR discussed the impact of Covid-19 on the industry and investment opportunities that might emerge in the post Covid-19 world. He also presented an overview of the progressive industrial environment prevailing in the state. “Telangana has established international standards in ease of doing business by introducing and effectively implementing industrial policies such as TS-iPass. In the past five years it has given permissions to more than 13, 0000 companies to set up their units in the state,” KTR said.
The minister said the state has created an innovation ecosystem by setting up T-Hub, WE-Hub, and T-Works.He opined that companies should rethink about setting up major industries in a single country.