Rao was speaking at an event organised by theDalit Indian Chamber of Commerce and Industry (DICCI) and others on the occasion of the birth anniversary of Dr B R Ambedkar.
The government would take a decision in a fortnight on the request made to set up a 'business facilitation cell', he said.
The state government is trying to revive companies in a poor shape before they become fully sick through 'industrial health clinics', Rao said.
Highlighting the importance of education, he said the government is spending substantial funds on providing education to those belonging to backward sections through the overseas scholarship scheme and residential educational institutions.
The Telangana agitation was conducted as per Ambedkar's principles of organising and educating people, Rao said.
On the occasion, he presented awards to entrepreneurs in manufacturing and other categories.
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