No power cuts for industries, says KCR

HYDERABAD: The Confederation of Indian Industry (CII), Telangana State Council, organized a first Annual Meeting with a theme focusing on a�?Mapping Industrial Growth by tapping sectors of advantage in Telanganaa�? here today.

Speaking at the inaugural session of the conference, Chief Minister K Chandrasekhar Rao said the State Government has come up with a new Industrial Promotion Policy which is transparent in giving clearances to the industry within a stipulated time. He also felt that self-certification is a unique feature in the Industrial Policy of Telangana.

He said the culture of industrialization and urbanization was deeply rooted in Telangana society. He pointed out that key enablers for setting up the industry such as land, water and power were readily available in the State. Some 2.5 lakh acres of government land was earmarked for industries while that ten percent of water from the proposed water grid would be allotted to industries.

On the availability of power for industries in the State, KCR said there would not be any power cuts for industries in the long term. Even during the power crisis, the Government did not impose power cuts to industry and managed the situation by buying power from other States, he added.

Mr. B V R Mohan Reddy, Past Chairman, CII Southern Region, pointed out that the major contribution to Telanganaa��s economy was coming from service sector and the pharma industries. The new State should therefore focus on these sectors apart from defence and aviation. Innovation and entrepreneurship needed to be encouraged in the State, he added. (NSS)

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