Search Result for : Telangana Government

The Dollar Business Bureau Upon receiving a proposal from the Telangana government for setting up Spice Park at Nizamabad, Telangana for turmeric, the Central Government has conveyed that the Spices Board would extend all technical support if land and funds for establishing the Spice Park is provided by the State. The Central Government has also approved the setting up of a Spice Development Agency (SDA) for Telangana with headquarters at Warangal for co-coordinating with the State / Central Agencies implementing programmes for research, production, marketing, quality improvement and export of spices, including chilli and turmeric. The Government implements several programmes for providing assistance to spice farmers, including Chilli and Turmeric farmers, which, on one hand aim at increasing production and ensuring remunerative prices ...

The Dollar Business Bureau Telangana on Sunday presented a tax-free and welfare-oriented 2017-18 budget, focusing on improving irrigation and revitalising traditional occupations of the state’s backwards classes, with a proposed expenditure of about Rs.1.50 lakh crore. “An amount of Rs.1,49,646 crore is proposed as total expenditure consisting of an estimated committed expenditure of Rs.61,607.20 crore and an expenditure of Rs.88,038.80 crore under ‘expenditure on schemes’,” Telangana’s Finance Minister E Rajender said in his Budget speech. This year’s budget was in line with the Central Government’s decision to abandon the classification of expenditure into plan and non-plan and continue with “the Constitutional mandate of classifying expenditure into revenue and capital”. The budget has also envisaged enhancing irrigation facilities of one crore acres in the state ...

The Dollar Business Bureau Telangana and Illinois State of the US have inked a pact which paves the way for interaction and collaboration between the two states in several fields through expertise sharing. KT Rama Rao, Industries, Commerce and IT Minister of Telangana and Consulate General of India in Chicago, Ausaf Sayeed, were present during the inking of the Memorandum of Understanding (MoU) on Monday, according to an official release. Rao is on a business visit to the US for promoting his state and to attract investments. The pact facilitates the two sides to extend cooperation in various fields including smart state solutions, innovation, e-governance, entrepreneurship, job creation, best practices and business incubators, it said. “Under the Smart State solutions, Illinois ...

The Dollar Business Bureau Government of Malaysia's Construction Industry Development Board (CIDB) has shown interest to invest Rs.10,000 crore in the infrastructure projects in the state of Telangana. Minister for Industries K T Rama Rao has met Abdul Latif Hitam, the CEO of CIDB in Kuala Lumpur, Malaysia on Friday. He discussed the opportunities in Telangana infrastructure sector during his three-day tour to attract investments into the state.  The CIDB, a statutory body under Malaysia’s Ministry of Works, promotes and facilitates the exports of Malaysian construction services. The CIDB board is interested to invest in infrastructure projects such as highways, urban mass transit, housing and other infra projects in Telangana. The board has already entered into an MoU with Rajasthan government for ...

The Dollar Business Bureau With an aim to attract huge investments into the state of Telangana, the Minister for Information Technology, Industries, Municipal Administration and Urban Development K T Rama Rao visited Singapore and met a number of industry representatives on Wednesday. The minister held talks with A*STAR(Agency for Science, Technology and Research) agency representatives. This agency works as a bridge between the academia and industry in developing innovative methods. A*STAR expressed enthusiasm to work with the Telangana government’s Research and innovation circle of Hyderabad (RICH)and would be signing a bilateral agreement on the same. The agreement would be for cooperation in the fields of research, commerce, innovation and incubation. A student exchange programme will be organised as part of this agreement. The ...

Sharath Chowdary The Telangana government is preparing to host an investor summit in Hyderabad early next year to attract investments from all over the world, Telangana IT and Industries Minister K T Rama Rao told The Dollar Business Bureau. Speaking to the media after the release of the State Department of Industries and Commerce annual report in Hyderabad on Saturday, the minister said that the government wants to associate with all major industry bodies of the state and country to organise the investors’meet. The minister also released the annual report of Department of Mines and Geology. Telangana and particularly the city of Hyderabad have been in the news for attracting some of the prestigious projects in the country. 25 projects have been cleared ...

Source: PTI The Telangana government today ordered setting up of a ‘Pharma City’ on 12,500 acres of land in Rangareddy and Mahbubnagar districts. Telangana State Industrial Infrastructure Corporation (TSIIC) will send a detailed project proposal (DPR) to the government on modalities for implementation and execution of project and will also carry out all aspects related to the development of this park in a transparent manner duly following all relevant rules, a government order said. “As Telangana has traditionally been the bulk drugs capital of the country with almost one-third of the total production in value terms, the State government intends to keep not only the leader status in the sector but also facilitate setting up of the most modern facilities along with all ...

Sharath Chowdary The Telangana government is ready to offer land parcels for various Korean companies to set up their base in the state. The government will work on creating an investment cluster to cater to the basic needs of Korean companies investing in the state, Telangana Industries Principal Secretary Arvind Kumar told The Dollar Business. He was speaking to the media while taking part in the Korean Caravan 2016 in Hyderabad on Wednesday. The Caravan was organised by the Confederation of Indian Industry (CII) in association with the Embassy of the Republic of Korea. Arvind Kumar said, “Last month, Telangana Chief Secretary Rajeev Sharma had proposed to develop an exclusive industrial park for Korean companies, during a meeting with the Union government in New ...