Chief Minister Revanth Reddy reviews industrial growth in Telangana
Says new Industrial Policy would be announced very soon
HYDERABAD, MAY 21, 2024: Chief Minister A Revanth Reddy suggested to the officials that the policies should be formulated to compete with other countries in industrial development. The Chief Minister held a review with the officials of Telangana State Industrial Infrastructure Corporation and made suggestions for new industrial policy which is to be adopted for industrial growth in the state.
The officials explained to the CM the decisions taken in the previous review meetings and the progress of the works. The CM advised the officials to formulate a new policy to benefit the Powerloom and Handloom workers to promote the textile industry in the state. Officials told the CM that six new policies will be formulated for industrial development mainly -MSME Policy, Export Policy, New Life Sciences Policy, Revised EV Policy, Medical Tourism Policy and Green Energy Policy.
The Chief Minister directed the officials to finalize the industrial policies before the end of the Election Code. The CM also asked the officials to study the best industrial policies adopted in other countries. Minister for IT and Industries Duddilla Sridhar Babu and others were also present.
