Telangana most investor-friendly -Governor Narasimhan tells Indian Ambassadors

Hyderabad, June 26:    As part of the initiative to promote the Indian states, the Ministry of External Affairs (MEA), Government of India  deputed the Indian Ambassadors to Laos, Seychelles, Finland and Peru to visit Telangana on 27th and 28th June, to get themselves acquainted with the investment potential in the state.

In this regard, Ravi Shankar Aisola, Ambassador to Laos, Ausaf Sayeed, Ambassador to Seychelles, Ms. Vani Rao, Ambassador to Finland, M. Subbarayudu, Ambassador to Peru, met Sri E.S.L. Narasimhan, Governor of Andhra Pradesh and Telangana, at Raj Bhavan on Wednesday.

Speaking to the Indian Ambassadors, the Governor said that Telangana is emerging as the most industry-friendly state in the country. The Governor informed the Ambassadors that Telangana is the first state in the country to pass the “Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) Act, 2014” for speedy processing of applications and issue of clearances required to set up industries, through a single window system on self-certification by the entrepreneur, thus creating an investor-friendly environment in the state.

The Governor said that Telangana also ranks high in the Ease of Doing Business (EoDB) ranks in the country. The technology incubation centre, T-Hub,  which is an innovative initiative of the Telangana government, has emerged as the largest incubator for start-up companies in the country, said the Governor.

The Governor said that Telangana govt is poised on the right development path with people-centric approach and had given first priority to round the clock power supply, potable drinking water to each household through Mission Bhageeratha, improved healthcare facilities, reforms in education sector etc. Governor said that the Hyderabad Metro is already operational and is going ahead with further expansion. 

Governor appreciated the initiative of the Ministry of External Affairs to depute the country's Ambassadors to different states in the country, as a good exercise to orient themselves with the investment potential in the respective states.

-Press note