: It’s pouring investments in Telangana #IndiaNEWS #Hyderabad Hyderabad: Prime Minister Narendra Modi on Saturday said there was no development in Telangana, that the Telangana Rashtra Samithi (TRS)

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Posted in: #IndiaNEWS #Hyderabad #startup

It’s pouring investments in Telangana #IndiaNEWS #Hyderabad
Hyderabad: Prime Minister Narendra Modi on Saturday said there was no development in Telangana, that the Telangana Rashtra Samithi (TRS) had betrayed the people.
What he did not say, however, was that it was the pro-active governance of the same TRS-led government that is being praised by investors across the world, most of them choosing Telangana over the BJP-ruled Karnataka and Gujarat for investments. Modi did not have to look to far behind to know this, but just check the kind of investments that have been announced in Telangana just in the last one month.
If that was not enough, he could check what investors like Sabu Jacob of the Kerala-based Kitex Group are saying about Telangana.
Kitex, Jacob told the media in Kerala on Saturday, was all set to commence production at its plant in the Warangal Kakatiya Textile Park in a record time of 15 months after announcing the decision to invest here.
“We have invested Rs. 3,000 crore in Telangana. In February, our unit in Warangal will start production. Our next factory is coming up in Hyderabad where the Government has allotted us 250 acres. Our factories are going to be the first-of-its kind in the world, with all the latest machinery and facilities,� he said.
And then, it was just two months ago Henry Fisker, Chief Executive Officer of American electric vehicle maker, established its Indian headquarters in Hyderabad in April, praised the pro-active government in Telangana.
It is not just big corporate giants, but startups that have made it big are also hailing the State.
Referring to Hyderabad-based Keka HR raising about Rs. 470 crore, Go Daddy India Managing Director Nikhil Arora on Sunday tweeted: “Such a beautiful sight for Indians and their startup ecosystem alike! When you encourage right intent, the results are always powerful. Hats off to your commitment and recognizing success, Industries Minister KT Rama Rao. A massive shoutout to Keka HR on this achievement. �

Such a beautiful sight for Indians and their #startup ecosystem alike! When you encourage right intent, the results are always powerful. Hats-off to your commitment and recognizing success @KTRTRS garu. A massive shoutout to @kekahr_official on this achievement! @THubHyd t. co/mtoA4WH9Mx
— Nikhil Arora (@Nikhil_Arora17) November 11, 2022

And then, in the last one month or so, there are more international and national majors who announced their plans in Telangana. These include electronic waste recovery player Attero India’s Rs. 600 crore, Indian Indian Immunologicals animal vaccine facility worth Rs. 700 crore, Gemini Edibles and Fats edible oil refinery at Rs 400 crore, Malabar Group with Rs.

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