Hyderabad: Telangana Inc.
will reap the benefits of a series of announcements carried out by the Minister of Finance of the Union about increasing digitization, spending the defense sector, incentives for MSMEs and overall encouragement on ‘sunrise opportunities’ in areas such as artificial intelligence (AI), geospatial systems, drones, Semiconductors, space economics, genomics and clean mobility systems, among others, industry leaders.
However, Telangana leaders Inc.
made the fact that there were no important projects of national interests approved for the country.
Sameer Goel, Chairperson, the Industrial Confederation of India (CII) Telangana, showed that budget proposals to establish 100 cargo terminals in the next three years will improve the state logistics sector.
Khasker Reddy, President, FTCCI, said the ECLGS extension (Emergency Line Line Guarantee Scheme) for MSMEs and additional allocation for the hardest hit sectors such as hospitality will also help many MSMEs.
“The government initiative directs to clean 75% of the procurement bill within 10 days and settlement of pending payments through the conciliation e-bill system and end to end for procurement is a welcome step.
Introduction to the PLI scheme in the solar sector will strengthen the domestic manufacture of solar modules,” he added .
Chairman of the FICCI Council T Muralidharan said, “The state government wants the central government to increase funds for irrigation projects or at least release contributions.
The big project allocation to Telangana is also gone.,” He said.
In addition, he said there was no effort to help micro entrepreneurs who had been beaten during a pandemic.