T'gana, K'taka call CE cos to invest

Extoling the role of the CE industry in helping the country and its infrastructure march onwards, Telangana Minister for IT and Industries & Commerce K T Rama Rao called upon construction equipment manufacturers to set up shop in the 'startup state'.

Addressing delegates at a conference on Smart Technologies for Next Gen Infrastructure in India on the second day of CII EXCON 2017, Rama Rao said, "As a state, we welcome industries who wish to come and set up manufacturing ancillaries and units in Telangana. We have moved away from 'red tape to red carpet' to attract investors."

"As part of the Telangana government's industrial policy, entrepreneurs seeking to set up manufacturing facilities in the state do not have to go through a lot of windows. If a project plan is already complete and the land is approved, the industry's certification process would only take 15 days," he assured.

"If you want India to propel to a global economy, the country needs infrastructure, but with unique innovation. Telangana today is ranked No.1 in the Centre's index of Ease of Doing Business," Rama Rao, who also handles a wide range of portfolios in his state cabinet, claimed.

In response, Karnataka Large and Medium Industries Minister R V Deshpande said, "Invest, innovate and invent in Karnataka, as we have some of the best human resources available. Creation of human resources, however, is the biggest challenge today, and I urge infrastructure industry captains to create good jobs. It is our duty to create jobs for the prosperity of the state. However, automation, digitisation and robotics have replaced human jobs."

Karnataka has created more than 13 lakh jobs as of September 2017, while over five lakh additional jobs are in the pipeline.

"Infrastructure is the key for economic, social and human resource development. It's a key priority area for the state," Deshpande added.

Later in the day, Rama Rao presided over the MoU signing between Srei initiative Attivo Economic Zones and the Government of Telangana.

The MoU envisages Attivo to develop an infrastructure equipment manufacturing park in the National Investment and Manufacturing Zone near Zaheerabad in Telangana. Spread over 500 acres, the park has a potential to generate direct and indirect employment in excess of 10,000 jobs over the next 10 years.

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