Cost pressure chews up meat processing units in Telangana
Sreenivasa Rao Dasari Reeling under turbulent pressure, goat and sheep meat abattoirs-cum-processing units in Telangana look to government support as low margins are evaporating their export potential. The sheep meat exporters are urging the state government to extend subsidy on feed to lower sheep prices in addition to offering turnover-based incentives. Meat exports from Telangana are declining by the day owing to higher production costs when compared to other states such as Karnataka. Several abattoirs and meat processing units in Telangana are suffering from under capacity utilization owing to the supply shortage. Similarly, the goat and sheep meat export performance has also turned sluggish as poor price disparity make the local processing units uncompetitive in the global market, observes Mohammad Hasan, Managing Partner ...
KCR to visit US to ink MoUs for investments
Pooja Jain In a bid to gather investments for the State, Telangana Chief Minister K. Chandrashekhar Rao will make his first formal visit to the US in July. His son and IT Minister K T Rama Rao had visited the US in May. His two-week visit was aimed at meeting various leaders of the IT industry seeking their co-operation in investing and setting up offices in the State. During the course of his visit, he had met various heads of Google, Microsoft, CISCO, various other entrepreneurs and industrialists. KTR also held talks with two NRI associations, the Telangana Information Technology Association (TITA) and the American Telugu Association (ATA). In his string of meetings in New York, Washington DC, Dallas, Bay Area, Pittsburg, New Jersey, many ...
Telangana state records 27.45% growth in revenue
The Dollar Business Bureau Telangana has achieved a revenue growth of 27.45 per cent in the recent months, the state government announced recently. “There has been remarkable growth in all key departments”, the CM proudly announced to the media following a finance review meeting with the senior officials. He expressed happiness at the fact that the State achieved remarkable progress despite severe drought conditions for two consecutive years. A press release from the office of the Chief Minister said that growth was excellent in the month of April and May, compared to the previous year. During April and May of the current financial year, the revenue for the departments like commercial taxes, registrations and stamps were Rs 7,687 crores which rose from ...
Telangana CM asks farmers not to grow cotton
The Dollar Business Bureau The Telangana CM K Chandrasekhara Rao has asked the farmers not to grow cotton this kharif season due to the decline of cotton prices globally. The State government also urged the farmers to sow an alternative crop as the cotton industry was suffering huge losses all around. Thanks to many non-governmental organizations and social campaigners, the Government has a clear picture with regard to the number of farmer suicides last year. Reports show that the number of farmers committing suicide was more among those who grew cotton. These farmers resorted to such extreme steps due to severe financial problems. Keeping these numbers in mind the TS government has decided to start a full length campaign to reduce the area under ...
Telangana makes a strong pitch for industrial growth
Sai Nikesh | The Dollar Business K Chandrasekhar Rao, Chief Minister of Telangana, addressing industrialists and delegates at the first ever conference of The Confederation of Indian Industry (CII), Telangana chapter. The Confederation of Indian Industry (CII), Telangana chapter, conducted its first-ever conference on Wednesday and the event was fully focused at mapping industrial growth in the newly formed State of Telangana. The Conference titled “Mapping Industrial Growth by Tapping Sectors of Advantage in Telangana,’ exposed the potential of various sectors of Telangana that could help the State in achieving industrial growth on par with the other Indian States. Speaking to The Dollar Business, on expected outcome of the Conference, Vanitha Datla, Chairperson, CII Telangana (Interim Council) & Executive Director ...