One-time settlement of pending power bills on the cards: Deputy CM
Addressing industrialists after inaugurating the new conference hall at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) premises here, the Deputy CM said this highlighting the government's commitment to developing a pro-industry environment.
'Our doors are always open,' he said, asserting Telangana government operates as a people's government, with direct access to the Chief Minister, Ministers and senior officials. He said there are plans to develop dedicated clusters for IT and pharma industries as well as those for housing between the Regional Ring Road (RRR) and the Outer Ring Road.
Citing the government's push for transformative development initiatives such as the Future City, Musi River rejuvenation and the RRR projects, he said, 'Once these are completed, Hyderabad's growth will be beyond imagination. The projects will be a game-changer and set to redefine urban development in the region.'
A release from the Deputy CM's office said he also highlighted Telangana's strengths as an investment destination, its world-class infrastructure, skilled workforce, international airport and stable power supply, including plans to introduce green energy for industries. He praised FTCCI's 100-year legacy as a pillar of industrial progress and acknowledged its vital role in Hyderabad's evolution from a trading hub to a global city.
'Hyderabad is a goldmine of innovation and talent. Let us create wealth not just for a few, but for every household in the State,' he said.
MLA Mainampally Rohith, senior Congress leader Mainampally Hanumanth Rao, FTCCI leaders Suresh Kumar, Ravi Kumar, Maheshwari and other attended the programme.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
7 hours ago
- The Hindu
One-time settlement of pending power bills on the cards: Deputy CM
A one-time settlement scheme for pending power bills, a long-standing request of industry, is under the consideration of the State government, Deputy Chief Minister Mallu Bhatti Vikramarka said. Addressing industrialists after inaugurating the new conference hall at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) premises here, the Deputy CM said this highlighting the government's commitment to developing a pro-industry environment. 'Our doors are always open,' he said, asserting Telangana government operates as a people's government, with direct access to the Chief Minister, Ministers and senior officials. He said there are plans to develop dedicated clusters for IT and pharma industries as well as those for housing between the Regional Ring Road (RRR) and the Outer Ring Road. Citing the government's push for transformative development initiatives such as the Future City, Musi River rejuvenation and the RRR projects, he said, 'Once these are completed, Hyderabad's growth will be beyond imagination. The projects will be a game-changer and set to redefine urban development in the region.' A release from the Deputy CM's office said he also highlighted Telangana's strengths as an investment destination, its world-class infrastructure, skilled workforce, international airport and stable power supply, including plans to introduce green energy for industries. He praised FTCCI's 100-year legacy as a pillar of industrial progress and acknowledged its vital role in Hyderabad's evolution from a trading hub to a global city. 'Hyderabad is a goldmine of innovation and talent. Let us create wealth not just for a few, but for every household in the State,' he said. MLA Mainampally Rohith, senior Congress leader Mainampally Hanumanth Rao, FTCCI leaders Suresh Kumar, Ravi Kumar, Maheshwari and other attended the programme.
India Gazette
10 hours ago
- India Gazette
India's trade deficit narrows sharply to USD 3.51 bn from USD 7.30 bn in June 2025 (YoY)
New Delhi [India] July 15 (ANI): India's overall trade deficit (merchandise and services) narrowed significantly to USD 3.51 billion in June 2025, down from USD 7.30 billion in June 2024, as exports outpaced imports on a year-on-year basis, government data showed on Tuesday. The decline in the trade deficit reflects stronger export performance, aided by resilient demand in key global markets and robust service sector growth. The data suggests that overall exports (merchandise and services) rose to USD 67.98 billion in June 2025, compared to USD 63.83 billion in the same month last year, with a jump of nearly 6.5 per cent. Meanwhile, overall imports also saw a marginal rise, reaching USD 71.50 billion in June 2025 compared to USD 71.14 billion in same period of the last year, indicating stable domestic demand and softening global commodity prices. The improved trade balance is a positive sign for India's current account position and broader economic fundamentals. The country's trade deficit in May had also narrowed to USD 6.62 billion from USD 9.35 billion same month last year. In May 2025, India's overall exports, merchandise and services combined, were reported at USD 71.12 billion, marking a 2.77 per cent rise on a yearly basis. The total exports in May 2024 were pegged at USD 69.20 billion. Among various steps the government took to increase exports include the Production Linked Incentive (PLI) scheme in 14 sectors, including electronic goods, telecom, EVs battery to name a few. The production linked incentive (PLI) scheme of the government has helped India's export growth and make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency on imports. The government has set a target of USD 1 trillion of exports in the current financial year 2025-26. The free trade agreements (FTA) signed and under negotiations with various countries will boost exports. The most recent FTA was signed with the United Kingdom and the UAE. Commerce and Industry Secretary Sunil Barthwal had on Monday said at an Industry summit highlighted the importance of FTAs, Barthwal noted that the 'India-UK' FTA has a special chapter on Innovation, thereby strengthening innovation corridors between partner countries. He further added that FTAs ensure regulatory practices and institutional mechanisms between two sets of partners that can be harmonized and sustained. (ANI)
Time of India
12 hours ago
- Time of India
ISMA urges centre to continue with curbs on ethanol imports
New Delhi, The Indian Sugar Mills Association (ISMA) has urged the government to continue with the restrictions on ethanol imports as the measure has spurred India's petrol blending programme in the drive to green energy and also enabled timely payments to sugarcane farmers. ISMA has, in a letter to Commerce and Industry Minister Piyush Goyal , referred to media reports suggesting the possible consideration of lifting restrictions on ethanol imports for fuel blending, as part of ongoing trade discussions with the US. The latter states that over the last few years, the Government's clear and forward-looking policy direction-anchored in the National Policy on Biofuels which led to placing ethanol imports for fuel under the 'restricted' category, has laid a solid foundation for a self-reliant, domestic ethanol economy. The interest subvention schemes and facilitative regulatory ecosystem have catalysed the establishment and expansion of indigenous ethanol capacities across India, the letter points out. These landmark interventions have achieved multiple national objectives of ensuring timely payments and enhanced incomes for sugarcane farmers, reducing India's dependence on imported crude oil and promoting clean and sustainable biofuels , the letter states. It highlights that the coordinated effort has led to India's ethanol production capacity growing by over 140 per cent since 2018, with investments exceeding Rs 40,000 crore. Ethanol blending has already reached 18.86 per cent and is firmly on track to meet the 20 per cent blending objective ahead of target. This remarkable progress has been made possible due to the Prime Minister's visionary leadership and unwavering commitment to the welfare of India's farmers. This has had a direct and measurable impact on farmers' welfare. By allowing the diversion of sugarcane and surplus grains into ethanol production at administered prices, the government has enabled timely cane payments and improved farm-level incomes across the country, the letter added. The latter states that opening up ethanol imports for blending would pose challenges to the sugar industry as it would affect profitability and may lead to underutilisation of Indian ethanol plants, many of which are still in the early stages of capital recovery.
