KCR hard sells Telangana in Singapore

Hard selling Telangana in Singapore, Chief Minister K. Chandrasekhara Rao Friday invited investors to invest in the newly-created state, promising the best industrial policy, business-friendly environment and attractive incentives.

Addressing a conference of IIMPACT, a body formed by alumni of Indian Institute of Management (IIM), he urged the investors to become partners in the vision of his government to make Telangana the best state in India.

Giving a detailed account the opportunities which Telangana offers, the chief minister promised graft-free and hassle-free industrial regime "which will be rated as amongst the best in the world".

KCR, as the chief minister is popularly known, addressed the conference on the third day of his visit to Singapore, his first foreign tour since assuming office in June.

Terming the growth story of Singapore as truly remarkable, he said he had no doubt that Telangana can also be developed on similar lines.

"My government has decided to bring in a new Industrial Policy which will inspire both international and domestic industry groups, investors and entrepreneurs to choose Telangana as their destination of first choice," said the chief minister.

KCR's speech copy was released to the media here Friday evening.

He said the government had identified over three lakh acres of government land to develop high quality infrastructure and convert them into modern industrial parks. He told the gathering that most of the industrial parks will be developed within 100 km around Hyderabad.

He assured the investors that all industries will be given required permissions and clearances through automatic approval system, which will be a step ahead of the traditional single window system.

KCR promised that the government will come up with a package of incentives that will be much better than what is on offer now by other states in India.

The government will treat on top priority industrial investments in core sectors like biotechnology and life sciences, IT hardware including bio medical devices, aerospace and defence sector, automobiles, chemicals and plastics, textiles, green technology, mineral based industries and transportation and logistics hubs.

KCR highlighted the strengths of Hyderabad and other parts of Telangana and the opportunities they offer.