Unmindful of WB Report, we’ll go ahead: KTR

Probably annoyed at poor projection by World Bank on investment opportunities and industrial development in Telangana State and adjudging second priority to Andhra Pradesh after announcing top priority to Gujarat State, IT Minister KT Rama Rao today said they would go ahead with their own plans for industrial development in the State.

Feigning ignorance on the report card by the World Apex Bank, the IT minister expressed a sort of displeasure at its report showing a gloomy picture in Telangana for investments, business and industrial development. “We do not know on what basis the World Bank came out with such a report, he stated. Irrespective of the report, Telangana Government will go ahead with its plan of industrial development and attract investments”, he said.

KTR asserted that the Telangana’s new industrial policy was being appreciated by all States and many nations while international bigwigs and business honchos of world repute are evincing keen interest to invest in Telangana, he claimed. The World Bank report also drew flak from political parties for poor projection of 29th State. Interestingly, some leaders suspected whether the report was prepared by the BJP-led NDA Government and disclosed by the apex bank. Since Gujarat is the home state of Prime Minister Narendra Modi and Telugu Desam being its NDA ally, the Andhra Pradesh got second top position and Gujarat got first position to attract investments and new businesses.

It is likely that the Andhra Pradesh State being new state is all set to get many investors and multiple industries and businessess in future, while Telangana is abundant with such industries and companies and is most likely to get more investors in the wake of new industrial policy that offers all permissions in just two weeks. (NSS)