Hyderabad: K T Rama Rao (KTR), Telangana IT and Industries Minister said on Friday that if the country has to grow in next decade and transform into a powerhouse, and economics should supersede politics.
“In a federal republic such as India, the Centre should support States and work together. But the Govt of India has to realize that giving proper support to a State which is performing will ultimately help the country,” KTR said.
KTR says, “Telangana is a progressive and performing State. But the policies of the Union government somehow seem to be disincentivizing and demoralizing a performing state like Telangana. Telangana’s contribution to national GDP is 5 per cent. However, Telangana needs to be encouraged and needs to be made a part of Central-sponsored schemes,”
KTR was virtually addressing at India Economic Conclave 2021 on a program ‘States to Watch Out for in the Next Decade’
KTR was stating that Telangana’s focus was on sectors such as IT, life sciences, defense, aerospace, textiles, and logistics – which he termed as sunrise sectors.
KTR said that India had huge opportunities to be a global player in these sectors. “If India and progressive States such as Telangana start thinking and planning on scale to compete with large manufacturing countries like China, we need to set up large industrial parks and industrial corridors which further translate into economies of scale for our manufacturers.”
KTR further said that Hyderabad is the vaccine capital of the world, “We are a city of international importance and ship out vaccines to 70-80 countries. While we produce 35 per cent of global vaccines in Hyderabad, our vaccine testing lab is 1200 km away in Kasauli.”
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