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The Hindu
4 days ago
- Business
- The Hindu
Telangana govt. to develop 80-acres Eco-Town modelled on Japanese city Kitakyushu
Drawing inspiration from the model of Kitakyushu City in Japan and as part of its focus on sustainable development, Telangana government will establish an Eco-Town across 80 acres, Industries and IT Minister Babu said here on Monday. The State government of Telangana will also be collaborating with Kitakyushu on several forward-looking initiatives, including Net Zero targets, riverfront development, circular economy practices, clean technologies and digital innovation, the Minister told a conference in which the Japanese city's Mayor Kazuhisa Takeuchi also participated. Telangana is envisioning the upcoming Future City as a benchmark in environmental sustainability with a focus on the development of eco-friendly industrial zones, zero-waste design principles and advanced water and waste management systems, he said. Seeking to highlight how Telangana is actively promoting Japanese investment in the State, the Minister said the feasibility of introducing direct flight services between Hyderabad and Kitakyushu will be explored to further strengthen bilateral ties. He urged Japanese industrialists to consider investing in view of the favourable industrial ecosystem in Telangana. The government's sustained efforts over the past 18 months had resulted in securing Rs.3 lakh crore investments from various leading corporations globally. TGIIC MD Vishnuvardhan Reddy and CEO Madhusudan, Director of the State Investment Promotion Cell Avinash and CII Telangana Chairman Shiva Prasad Reddy were among who participated in the conference 'From Kitakyushu to Telangana: Catalysing Sustainable Industrial Growth' jointly organised by the State government and the Confederation of Indian Industry (CII) at T-Hub.
New Indian Express
15-05-2025
- Politics
- New Indian Express
Telangana government tells Supreme Court it is committed to sustainable land development
HYDERABAD: The state government has filed an affidavit in the Supreme Court affirming its commitment to develop the Kancha Gachibowli land in a sustainable and environmentally responsible manner, fully aligned with applicable legal and ecological standards. The affidavit explained how the Telangana Industrial Infrastructure Corporation (TGIIC), which is overseeing the master plan for the area, is prioritising the conservation of ecologically and historically significant landmarks. Specific protective measures are being taken to preserve features such as the iconic Mushroom Rock. TGIIC has also pledged to safeguard Chilakala Kunta, ensuring the maintenance of a buffer zone up to full tank level (FTL) to protect the water body and its surrounding ecosystem. These assurances were made in the affidavit submitted by Chief Secretary K Ramakrishna Rao, ahead of a scheduled hearing in the Supreme Court on Thursday before a bench led by Chief Justice BR Gavai. The case pertains to alleged ecological damage in 400 acres within the Kancha Gachibowli area. According to the affidavit, TGIIC is identifying, marking and preserving all non-exempt trees in the development area. In instances where in-situ preservation is not feasible, the agency will relocate and rehabilitate the trees following scientific and ecological guidelines. 'As part of its environmental stewardship, TGIIC will intensify compensatory plantation efforts related to the current development. These plantations will not only offset any loss of trees but will also enhance the area's green cover and ecological resilience,' the affidavit states.
Hans India
13-05-2025
- Business
- Hans India
Kavitha fires salvo at TG govt for plotting to mortgage TGIIC lands
Hyderabad: BRS MLC K Kavitha on Monday alleged that the Telangana government was planning to convert the Telangana Industrial Infrastructure Corporation (TGIIC) into a public company and was conspiring to mortgage 1.75 lakh acres in the stock market. Addressing a press conference at Telangana Bhavan, Kavitha alleged that the State government had taken loans to the tune of Rs 1.8 lakh crore in last 16 months only to pay bills of Rs 1 lakh crore to big contractors. She further alleged that CM Revanth Reddy had taaken 20 per cent commission for the bills paid to contractors, and accumulated Rs 20,000 crore in his own treasury. 'Huge bills were paid to a company belonging to a State minister and to Megha Engineering Infrastructure Limited (MEIL) Company. I have specific evidence in this regard,' she said. Kavitha alleged that the State government issued a secret GO to convert TGIIC from a private limited company to a public limited company. The government's idea was to take loans of thousands of crores through the stock exchange by changing the status of the company. She asked the government to explain what was the need to mortgaging Telangana lands on the stock exchange? She was furious that Chief Minister Revanth Reddy was not thinking about the future of the people of Telangana. She demanded that the government withdraw its decision to convert TGIIC into a public limited company. Meanwhile, Kavitha recalled that CM Revanth Reddy incurred debts of more than Rs 1.8 lakh crore in the last 16 months of his rule, but did not implement any scheme. She said, 'The government has not fully implemented a single scheme with the debts incurred, nor had he spent it on development. Only Rs 80,000 crore was utilised by the government to repay the loans taken by the previous government.' She asked the government to explain where the remaining Rs 1 lakh crore had gone. She said that if she was wrong, the government should release a white paper.
Time of India
12-05-2025
- Business
- Time of India
Congress govt planning to mortgage TGIIC land for loan: Kavitha
Hyderabad: leader on Monday alleged that the state govt is planning to convert the (TGIIC) into a public company and mortgage 1.75 lakh acres of land under its control to raise loans. Tired of too many ads? go ad free now She said the govt issued a GO to convert TGIIC into a public limited company. The govt's idea was to take loan in thousands of crores through the stock exchange by changing the status of the a press meet here, Kavitha said the govt took loans to the tune of Rs 1.8 lakh crore in the last 16 months only to pay bills of Rs 1 lakh crore to big contractors. She asked the govt to explain what the need is to mortgage Telangana lands on the stock BRS MLC said chief minister Revanth Reddy is not thinking about the future of the people of Telangana and demanded that the decision to convert TGIIC into a public limited company be the borrowings of the state govt in the past 17 months, Kavitha said only Rs 80,000 crore was utilised by the govt to repay the loans taken by the previous govt and demanded the govt explain where the remaining one lakh crore went. She said that if she was wrong, the govt should release a white paper.
Time of India
02-05-2025
- Business
- Time of India
Telangana to get 2nd dedicated plastics park near Shamshabad, 1st dry port at Manoharabad
Vishnu Vardhan Reddy, vice chairman & managing director, TGIIC, addresses the 4th edition of the Telangana and Andhra Plastics Manufacturers Association (TAAPMA)'s flagship Polymers Conference 2025 in Hyderabad on Friday. HYDERABAD: Telangana is all set to get its second dedicated plastics park near Shamshabad after the one at Mankhal as well as a dry port at Manoharabad, a top Telangana government official said on Friday. 'We are in the process of finalising the location. Given the rising demand, the government is actively considering this expansion in consultation with the industry,' Dr E Vishnu Vardhan Reddy, vice chairman & managing director, TGIIC, said on Friday. Speaking at the 4 th edition of the Telangana and Andhra Plastics Manufacturers Association (TAAPMA)'s flagship Polymers Conference 2025, Dr Reddy said Telangana's first dry port will come up at Manoharabad and will be developed as a multi-modal logistics hub under a PPP model. The TGIIC VC & MD also said there are two more dry ports in the pipeline in addition to the proposed one at Manoharabad. On industry concerns about the skyrocketing land prices in and around Hyderabad, Dr Reddy said land rates in plastic parks would be frozen until 50% occupancy is achieved. To support MSMES, he also announced the rollout of flatted factory sheds and plug-and-play facilities at subsidised rates, with three such units ready for occupation. All India Plastics Manufacturers' Association (AIPMA) senior vice president Anil Reddy Vennam urged the government to set up a dedicated plastics recycling park and allocate 500 acres of land for the TAAPMA-led development. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
