Development of industrial clusters, tapping of mineral resources, developing the food processing sector and setting up new power projects were some of the recommendations made by trade body Assocham in its report ‘Realising the Growth Potential of Telangana’ presented to the State government on Thursday.

It also felt that the strategy should be to create infrastructure outside of Hyderabad to bridge the gap between the capital city and rest of the State.

The trade body will be organising an international meet on ‘Invest Telangana’ in Hyderabad in December, inviting prospective investors from across the country and overseas, DS Rawat, National Secretary, told media persons. The report points out that up to June 2014, Telangana state attracted total ‘live’ investments worth about ₹3,30,000 crore, with construction and real estate accounting for a major share of 28 per cent, followed by services at 23 per cent, electricity at 19 per cent, irrigation at 16.5 per cent and manufacturing at 12 per cent.

In terms of ownership, private sector accounted for almost 59 per cent of the total investments, with the domestic private sector’s share being 56.4 per cent and the remaining 2.4 per cent from private foreign investors.

“However, projects with about 30 per cent share in total investments are facing delay in implementation due to a plethora of reasons like land acquisition and clearances,” it pointed out. Telangana has a revenue surplus of ₹3,555 crore for 2014-15. But after the internal debt burden of over ₹1,45,000 crore of united Andhra Pradesh is apportioned between the two states, Telangana will be left with a debt burden of ₹61,000 crore. “This is why mobilising resources to fulfil promises made in the election manifesto is the single most immediate concern for the State government,” Ravindra Sannareddy, Chairman of Assocham’s Southern Region, said.

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