The Associated Chamber of Commerce and Industry in India – most respected industry body has said that connecting the most developed capital Hyderabad with all the interior regions of Telangana and the answering the job aspirations of the youth should be key areas of focus for the Telangana government. The industry representative body and watchdog has published a special report titled ‘Realizing Growth Potential of Telangana,’ here in Hyderabad today and made several recommendations to the government of the newly formed 29th state of the country.
“With a view to highlight the commitment of new government, the state needs to roll out a strategy for taking growth to other parts of Telangana as aspirations for generating more jobs and improved standard of living have mainly fuelled the formation of India’s 29th state,” suggested the strategy paper that was jointly released by Mr Ravindra Sannareddy, chairman of Southern Region Development Council of ASSOCHAM along with its national secretary general, Mr D.S. Rawat.
Telangana has a revenue surplus of Rs 3,555 crore for 2014-15 fiscal, however, the internal debt burden of over Rs 1.45 lakh crore of united Andhra Pradesh (after the Centre waived Rs 18,000 crore debt) to be apportioned between the two states on the basis of population ratio, Telangana would be left with a loan burden of Rs 61,000 crore, noted the ASSOCHAM paper.
The new state needs to pay more focus on improvement of power sector and the state must initiate adequate measures to reduce quantitative and qualitative shortfall of power supply across the state, particularly for industries, the strategy paper added. “The state needs to encourage private sector participation in efforts to enhance the generation capacity.”
The State Government must focus on sanctioning of new solar power projects and monitor their implementation on priority. Besides, vacant government owned lands must be allocated for installing viable concentrated photovoltaic and wind turbine generators.
Read the full report of the well researched vision document here…