The Telangana Rashtra Samithi, spearheading the separate Telangana movement, on Wednesday tried to allay the fears of industrialists at a specifically held ‘The India CEO Forum’ in Hyderabad.
TRS president K Chandrasekhara Rao reportedly asked the CEOs to incubate ideas for ensuring economic effectiveness in Telangana while safeguarding long-term social and cultural interests. The formation of Telangana would accelerate industrialisation. Moreover, it’s just reinstating Telangana and not creating a new state. Telangana would be a trustee of the people, resources and future.
Over 60 CEOs are said to have attended the meeting.
The industry representative wanted to know how bifurcation would work for them and the common man. They also sought an elaboration on technology deployment, corruption, expectation of new tax codes and multi-location investments, relationship between Telangana and Andhra as two separate states, and possible areas of friction and synergy.
Addressing the gathering, Rao reportedly said Hyderabad, which would be made the capital of Telangana, was one of the major investment destinations globally and would continue to attract investments due to abundant natural and human resources. Smaller states, with more decentralised governance, could adapt to policies to suit local needs, resources and capacities and also prepare for unforeseen opportunities and challenges.
The due share of water resources (after Telangana is formed) would ignite agriculture and the rural economy and improve the overall quality of life. There were abundant mineral resources in the Telangana region mainly coal, granite, limestone, iron ore, marble, barites, silica sand and zirconites. Andhra Pradesh had failed in planning power generation in the Telangana region, therefore, there was a vast difference in terms of installed versus actual capacity, Rao supposedly told the industry.
If Telangana was formed, a district reorganisation committee would be formed to create more districts to provide responsive and accountable governance in the state. Telangana with 98,611 sq km area had 10 districts as compared with 19 districts in Haryana (44,212 sq km) and 17 districts in Punjab (50,362 sq km), he said, according to sources revealed.
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More industrial zones and satellite townships within a radius of 100 km from the city would come up. The Hyderabad international airport would be further developed as an international east-west transit hub. The state would offer mandatory state-funded education with CBSE syllabus in English medium.
Telangana would leverage the dominant position that Hyderabad has in the chemical and pharmaceutical industry to develop it as the next global hub of pharmaceuticals.
Exclusive chemical and pharma zones would be set up.