A determined Karnataka Govt. has announced many sops to Hero Motors to entice it to set up it’s 6th plant in the state. Earlier, the motor company was actively considering Telangana for the location after it’s initial talks with Karnataka enter a deadlock, over setting up a plant in Dharwad. Then, Hero asked Karnataka for 500 acres of land as well as additional land for for units to house its 40 vendors, as we reported. Karnataka then was reluctant but now has accepted that along with a host of other tax incentives, making an irresistible offer to Hero. Hero Motors is expected to accept the offer. Karnataka’s latest effort came after it’s CM announced on 23 July that the state wont lose the project ...

After the discussions of Telangana Energy Secretary SK Joshi and Transco MD SM Rizvi with Chhattisgarh officials on Wednesday, there is now clarity on Telangana’s immediate plan to solve it’s power shortage woes. The state’s officials surveyed all options and have zeroed in on using the space that would be available on-off in the southern grid capacities, now being used by Tamil Nadu and Karnataka mainly. While Telangana is making purchase agreement for getting up to 1000 mw, the space available could be as little as 200 mw initially and Telangana would like to get started with that purchase quantity and gradually increase as and when space is available. Chhattisgarh is a state which successfully has been selling it’s surplus power to other ...

Hyderabad is picking up pace in hiring in recent months according to a survey done by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) for Jan-June 2014 period.  Hyderabad especially picked up in IT, Healthcare, Banking & Pharma  industries. In terms of growth in hiring, compared to same period last year, Hyderabad, which reported a 32% increase, is 3rd best city, just behind Delhi-NCR region with an impressive 54% and Bangalore which clocked 38%. Interestingly, Chennai and Mumbai recorded a drop of 15% and 28%, respectively, driving home the point that it is not just the upward moments in financial markets around the world that is making a turnaround in the business mood. With political uncertainty behind, with formation of Telangana, Hyderabad is ...

A strategy paper titled ‘Realising Growth Potential of Telangana’, undertaken by the ASSOCHAM, has been released. Development of industrial clusters, tapping of mineral resources, developing the food processing sector and setting up new power projects were some of the recommendations made in the paper, which is already submitted to the Chief Minister. The government should expedite completion of ongoing infrastructure projects and also take up new ones to bridge the divide between Hyderabad and other parts of the state, the report said. ASSOCHAM would be holding an event  ‘Invest Telangana’ in December this year, with a view to mobilise investments in the state. Telangana has a revenue surplus of Rs 3,555 crore for 2014-15 fiscal. However, Telangana would be left with a loan ...

Telangana Chief Minister K Chandrashekar Rao said the State’s Industrial policy will be out in 3 days and it would combine the best of suggestions and policies the State Government looked at in last 2 months. Speaking with a group of delegation led by Piramal Group chairman Ajay Piramal, he assured that the policy would be implemented in its letter and spirit. He reiterated a ‘chasing cell’ would be monitoring from the CMO the progress of investment in the industrial sector by industrialists from all over the country and abroad. He said that the government would identify a land bank, declare that land exclusively for industrial purpose, develop it in all aspects, provide power and water and then place it at the ...