Many Are Eager to Invest in Telangana: Etela

HYDERABAD: Telangana is a favorite destination for investments as the government was encouraging the companies to expand and set up their business units in the state, Finance Minister Etela Rajender has said.

Participating in an India-Sudan Investment Conference at the Salarjung Museum here, along with Home Minister Nayani Narsimha Reddy and attended by Sudan Central Bank officials, Rajender said Telangana State is witnessing rapid growth. The government is coming up with a hassle-free regime of new industrial policy to give permissions in two weeks. Information Technology, Health, Education and Tourist sectors are expanding in the state, which are accommodating numerous companies. The TRS Government was keen on attracting new industries, business ventures, startups and entrepreneurs, he said, adding that several nations were coming forward to invest in Telangana State.

The global business companies were evincing interest to invest in the state, Rajender said. He appealed to the Sudan officials to make investments in Hyderabad to establish their companies for better growth.

The government will provide land, facilities to set up their shop, he maintained. Sudan bank officials stated that they find Hyderabad a suitable place for business and investments. (NSS)

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