Coimbatore : At least ten industrialists from Tirupur have committed to invest in Telangana, its Minister for Industry and Commerce KT Rama Rao has said. The state is trying to woo investors to the mega textile park in Warangal.
The park, which is coming up on 2,000 acres, is expected to create large-scale employment. Around 1,200 acres have been earmarked in the first phase of development, and according to the minister, the vision is to have a “fibre to fabric (end-to-end)” facility.
Rao, who was touring this part of the state, said, “Telangana has been ranked top in ease of doing business. The investor can self-certify and commence the project, although for regulatory purposes, we ask you to register online simultaneously.”
“If it is a mega project, we promise approval in 15 days. If the promoter does not receive the approval within the specified time, the project is deemed certified, but the bureaucrat who had failed to clear the proposal is fined ₹1,000 a day for the delay,” he added.
Highlighting the advantages of investing in the textile park at Warangal, the Minister said, “Telangana produces 60 lakh bales of cotton, but the consumption by the local mills is just around 10 lakh bales. The surplus is offloaded in States such as Tamil Nadu. The mills in this region could relocate and enjoy proximity to raw material source.”
Earlier, addressing the management students at PSG College of Technology, he urged them to “think big” and tap opportunities.
“There is no bigger power than human intellect,” he said.
Pact with PSG College
PSG and Department of Handlooms and Textiles and Apparel Export Parks, Government of Telangana, inked an agreement, with the former undertaking to provide technical assistance in skill development and training and R&D support for technological up gradation. Telangana on its part has offered to provide funds for specific tasks assigned to PSG.
Rao, accompanied by Jayesh Ranjan, Secretary (IT), and Shailaja Ramaiyer, Director of Handlooms and Textiles, Telangana, visited Tirupur and Coimbatore. Rao, accompanied by Jayesh Ranjan, Secretary (IT), and Shailaja Ramaiyer, Director of Handlooms and Textiles, Telangana, visited Tirupur and Coimbatore.
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