Telangana News

Hyderabad: For mobile manufacturer Micromax, it took two-and-half years to start their mobile manufacturing unit in Uttarakhand while it was matter of six months to commence production in Telangana state.

Micromax got all the required permissions within 15 days and started production in six months. 

During a review meeting held by chief minister K Chandrasekhar Rao on Thursday on IT, pharma, industries sectors, IT minister KT Rama Rao showed the Micromax message to the chief minister.

The Micromax also informed KTR that they did not spend a single rupee for getting the permissions thanks to the simple and transparent new industrial policy of the state government.

During the meeting, the Chief Minister said that the world had recognised that Telangana, especially Hyderabad, as the best investment destination. He said several pharma companies too are evincing keen interest to start their operations in the proposed Pharma City.

He said Bengaluru and Hyderabad were recognised as most preferred destinations for IT industries. Several IT companies were moving out of Chennai after the recent cyclonic floods there. 

“In the wake of this, we have to keep the goodwill of Hyderabad and prepare action plan to attract IT investments to Hyderabad,” the CM suggested to the officials..