Industry, corporates for friendly biz climate in Telangana

Tags: News
With Telangana state becoming a reality today, players in the industry and corporate sectors are looking forward to policies and initiatives to spur development and growth in the new state with able governance.

Executive Chairman of Cyient Ltd (formerly Infotech Enterprises) B V R Mohan Reddy said the last three years in particular saw several intense agitations for a separate state of Telangana, adding the bifurcation process created tremendous amount of mistrust and confusion for both the parties.

"This is past us and we hope to see two friendly Telugu speaking states after June 2," he said.

Vice President and Managing Director of Pegasystems, Suman Reddy said the IT industry hopes that the new government will bring in clarity on industry related policies such as taxation, single window clearances and introduce incentives for startups.

Noting that MNCs primarily look for availability of skilled talent, cost advantage compared to other places and good infrastructure and investor-friendly government policies in evaluating an offshore investment, he said Hyderabad continues to be one of the preferred destinations in this context.

"With stable governance now, a larger share of growth is expected to return to Hyderabad. Industrial development to bring in growth and investments should be the primary agenda for the new government of both regions," he said.

TiE Hyderabad Chapter president Murali Bukkapatnam said: "We are hopeful that the new governments of both the states will take necessary steps in formulating the required policies to promote entrepreneurship, innovation and development in their respective states."

"We would suggest the government to set up more incubation centres which could fuel innovation amongst the youngsters. The Telangana government should take Research Innovation Circle of Hyderabad (RICH) programme, floated by previous state government, to boost research and fund innovations to the next level.

"Along with these, it should also strive to create more industrial corridors and clusters beyond Hyderabad," he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amidst Sino-Indian bonhomie, the Tibet issue cannot be wished away

    Tibet did not figure in the three-day high-level meetings between India and the People’s Republic of China (PRC).

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Intertemporal choices

Intertemporal choice is the study of the relative value people ...

Parvez Imam

Why we all have blood on our hands

What does the Jammu and Kashmir flood make us think? ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture