Telangana govt ready for white paper on investments, pharma city, says minister Sridhar Babu

Hyderabad: IT and industries minister D Sridhar Babu said the state govt was ready to come up with a white paper on investments and memorandums of understanding (MoUs) signed in Davos and at the global summit. He added that the white paper would also cover the projects that have been grounded so far in the state.The state govt is also committed to setting up a green pharma city, along with creating ecosystems such as residential and sports facilities, the minister said."Maharashtra signs the highest number of MoUs with industries, but the percentage of those grounded is about 30% to 40%. The number of companies that have been grounded will be lower due to various factors, including applicable terms and conditions," Sridhar said. He also objected to the comments made by KTR that the Congress govt was a flop, and said that the BRS had flopped not only in the 2023 assembly elections, but also in the Lok Sabha, gram panchayat, and municipal elections.Earlier, Sircilla MLA KTR questioned how the govt could allot land for various purposes in the name of future city that had been acquired for pharma city. "The land was taken from farmers on the condition that it would be used for industrial purposes only. The govt now wants to scrap the pharma city, even though the party had opposed polluting industries," he said.KTR also raised concerns about varying figures on investments, IT exports, and new industries set up in the state as mentioned in official data, the TSiPASS website, and the minister's statements. He demanded that the govt provide official and accurate figures, as the state's revenue has declined significantly over the past couple of years."Telangana, once among the fastest-growing states, is now witnessing a slowdown. State-owned tax revenues, including GST collections, registrations, and vehicle revenues, have declined," he said, attributing this to ‘negative policies and a negative mindset'.MSID:: 129633176 413 |