 "Samsung to set up $100-mn plant in Hyderabad")
“Samsung is one of the many electronics majors who have evinced interest to set up shop in the state. Telangana has a large scope to play host to electronics hardware industry,” he said.
After inaugurating Mahindra & Mahindra's extended manufacturing unit at Zaheerabad in Medak district of Telangana on Wednesday, Rao said the state had overcome the problem of power cuts and there was no load shedding now.
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“We invite all the industries across the country to establish units here with an assurance of uninterrupted power supply,” the chief minister said, adding the new industrial policy and 24-hour power supply to industries would make Telangana an attractive destination for investments.
“A legislation has already been passed on TS-IPass, a single-window clearance programme, to be monitored personally by the CM office and grant approvals within 15 days. The hassle-free single-window, without a single grill, will be implemented shortly,” he said.
Rao said his government had reduced the input VAT (value-added tax) from the earlier 14.5 per cent, to five per cent, for M&M's Zaheerabad plant as a special case, and a government order on the same was issued on April 21.
“We have given you (M&M) land, water, power, incentives and whatever you asked for. In return, please give jobs to local people,” he requested Pawan Goenka, executive director of M&M.
Responding to the chief minister's request, Goenka said of the 3,500 employees at the Zaheerabad plant, 95 per cent were from Telangana.
“We stay committed to providing employment to the locals,” he said, requesting the chief minister to consider procuring tractors and other vehicles produced at the Zaheerabad plant.