Hyderabad, April 29 (Maxim News): IT Minister KT Rama Rao said that Telangana is the best place to invest in the country, he claimed that the state was ushering in five revolutions, including in the agriculture sector, dairy, meat, and fisheries all at once.
Speaking at the inaugural ceremony of the Food Conclave 2023 here today, the Minister said the conclave was not just about exploring trade opportunities, but also to make the country a one-stop destination in terms of food production and processing and meet the food needs of the rest of the world.
Assuring that the Food Conclave would be made an annual fixture and would become a go-to destination for all food industry companies, the Minister said in principle interests for MoUs worth Rs. 7000 crores and creating 50,000 jobs have been announced by companies.
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The Minister said the State government had identified the food processing sector as one among the 14 thrust sectors to focus on. Telangana is the seed bowl of India, the poultry capital of India and it was also a nutraceuticals hub in the past and would regain the position soon. It was also the top state for inland fisheries in the country, the state had doubled the livestock population, especially sheep and goats, and was one of the leaders in the dairy industry as well, he said.
Stating that there were plenty of opportunities to explore, he said there was a dedicated agricultural university, a horticultural university, a veterinary university, and a forest university with an aqua university too coming up in the state.
KTR said the State government had added a fixed capital base of over Rs. 7000 crores in the last five years for food processing capacities in Telangana. It was hosting big names like Coca-Cola, and PepsiCo. ITC and others in the industry. He said for setting up special food processing zones, already 10,000 acres of land has been acquired. We are ready to roll it out to industries with packaged and customized incentives, he added that TS-IPASS was one of the best policies in the country.
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The State government can offer tailor-made incentives for industries. “If the managements are willing to share with the government about the offers made by other State governments, Telangana will meet or beat the best offer you got, KTR told industrialists at the program.
Apart from land parcels and approvals for setting up units, the State government laid emphasis on access to procurement of raw materials for industries. Ensuring backward integration, the State government would facilitate local sourcing through 25,000 Farmer Produce Organizations, he said.
Minister for Agriculture S. Niranjan Reddy, Animal Husbandry Minister T. Srinivas Yadav, and others also spoke. (Maxim News)
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