Extend budgetary support to various industrial projects in Telangana : Minister to Nirmala

Hyderabad, Jan 14:Telangana Information Technology and Industries Minister K T Rama Rao on Saturday urged Union Finance Minister Nirmala Sitharaman to extend budgetary support to various projects in the state industrial sector. In a letter to Sitharaman, KTR reminded the promises made to Telangana by the Narendra Modi-led Central Government and said that the upcoming Union Budget 2023-24 is the right occasion for the Centre to show its commitment to the development of the State.
He sought funds, projects to be allotted to the State that it was ought to get. The Minister said that if the Centre truly believes in the slogans – Make in India, Aatmanirbhar Bharat, then support has to be extended to progressive states like Telangana which is filled with the potential to actualize those slogans. Stating that Telangana’s pioneering policies achieved notable progress in the industrial sector after formation of the state, he said that world-class infrastructure is being created to meet the needs of industries and attract more investments.
As part of it, KTR said, India’s largest textile park, world’s largest single pharma cluster- Hyderabad Pharma City are being established. He said that the industrial parks will usher in development of not only the State, but in the entire country.
Reiterating that the country’s progress can be fast tracked if states are strengthened, the Minister sought huge funds to be allotted to Telangana which became a key player in the nation’s industrial sector. Rao said that though the State sought Centre’s support many a time in the past, it did not receive sufficient funds in the previous eight Union Budgets introduced by the BJP-led union government. KTR in the letter listed the industrial corridors, industrial parks and various other projects spread across the state which need budgetary support from the Central government.