Telangana seeks funds in Union Budget for various industrial projects

Telangana's Minister for Industries and IT, K T Rama Rao, said that the upcoming Union Budget 2023-24 is the right occasion for the Centre to show its commitment to the development of the state

Telangana's Minister for Industries and Information Technology, K.T. Rama Rao has sought budgetary support from the Centre for various industrial projects in the state.

Reminding the Narendra Modi-led Central Government about the promises made to Telangana, he said that the upcoming Union Budget 2023-24 is the right occasion for the Centre to show its commitment to the development of the state.

After writing a series of letters urging the Centre to support various sectors in the state, Rama Rao on Saturday dashed off a letter to Union Finance Minister Nirmala Sitharaman about the budgetary support that Central government has to extend to various projects in Telangana industrial sector.

KTR, as the Telangana minister is popularly known, said that if the Centre truly believes in the slogans - Make in India, Aatmanirbhar Bharat, then support has to be extended to progressive states like Telangana which is filled with the potential to actualise those slogans.

Stating that Telangana's pioneering policies achieved notable progress in the industrial sector after formation of the state, the minister said that world-class infrastructure is being created to meet the needs of industries and attract more investments.

As part of it, KTR said, India's largest textile park, world's largest single pharma cluster - Hyderabad Pharma City are being established. He said that the industrial parks will usher in development of not only the state but the entire country.

Reiterating that the country's progress can be fast tracked if states are strengthened, KTR sought huge funds to be allotted to Telangana which became a key player in the nation's industrial sector.

KTR said that though the state sought Centre's support many a time in the past, it did not receive sufficient funds in the previous eight Union Budgets introduced by the BJP-led Union government.

In his letter to the Union Finance Minister, KTR listed the industrial corridors, industrial parks and various other projects spread across the state which need budgetary support from the Union government.

He sought funding support for external infrastructure development at NIMZ, Zaheerabad. He said the Centre should provide Rs 500 crore out of the total estimate of Rs 9,500 crore.

KTR also sought budgetary support for development of Hyderabad-Warangal industrial corridor and Hyderabad-Nagpur industrial corridor.

At least 50 per cent of the total cost of Rs 5,000 crore is required to join two nodes of Hyderabad Pharma City and NIMZ Zaheerabad, he wrote.

The Union minister was also urged to provide fund support for development of Hyderabad-Vijayawada industrial corridor. KTR sought Rs 1,500 crore out of Rs 5,000 crore to newly identified Hyderabad, Jadcherla, Gadwal, Kothakota nodes

Establishing a Common Effluent Treatment Plant (CETP) in Jadcherla Industrial Park under TIES scheme and gas allotment for the same, sanction and upgradation of Brownfield Manufacturing Clusters, reopening of Cement Corporation of India in Adilabad, setting up a national design centre in Hyderabad, budgetary support for Hyderabad Pharma City, inclusion of Hyderabad in the proposed Defence Industrial Production corridor, support for development of Kakatiya Mega Textile Park and sanctioning of Mega Powerloom Cluster including Textile Park, Weaving Park and Apparel Park in Sircilla under the Comprehensive Powerloom Cluster Development Scheme (CPCDS) are among the other requests made by the minister.

--IANS

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