A national daily has quoted MP Kavitha as saying Telangana CM KCR has grand plans for Telangana and that a plan to bid for hosting Olympics in Hyderabad is one of them. The daily didn’t report further on the context of the question nor about the purported plan. Regarding hosting the 2024 Olympics in Hyderabad, the MP, the CM’s daughter, is quoted as saying “My father always had grand plans,”. The Nizamabad MP is confident that Hyderabad will be able to host the Olympics 10 years later. She is reported to have said  “Why not? The Chief Minister has already started working on it. Hyderabad has a good climate. The government is planning to destress the city and create the ...

Telangana Chief Minister KCR  inaugurated the second phase of the WaveRock project that has been developed with an investment of Rs. 200 crore, which will add about seven lakh sq ft of international standard IT work space accommodating about 7,000 IT professionals. Tishman Speyer and ICICI Venture’s Wave Rock at Nanakramguda already had companies queuing up for space. Global companies such as DuPont and Capgemini have already taken up space in the second phase building, which has 17 floors. Tishman Speyer has to it credit some of the world’s most talked about buildings such as Rockfeller Centre (New York) and Sony Centre (Berlin). Apart from projects in Mumbai, Delhi, Bangalore, Pune and Chennai, TSI also plans to develop a high-end integrated township project in ...

Steel Authority of India Limited (SAIL) which has earlier declared it’s decision to establish a steel plant to tap Bayyaram iron ore, as we reported the news earlier, is reportedly already in discussions with Telangana government over the roadmap for setting up the plant. CM KCR disclosed this in a meeting with officials while discussing the formulation of an industrial policy tailored for Telangana. The steel plant reportedly has an initial investment of 30,000 Cr and will be set up on the borders of Warangal and Khammam district. With this, wishes of all those people who rallied for a steel plant in Bayyaram is coming true. It needs to be recollected that former CM YSR handed over the mining in Bayyaram ...

The Telangana government is planning to make Hyderabad a base for low-cost airlines by slashing sales taxes on airline fuel. Bringing down sales tax on Aviation Turbine Fuel (ATF) will encourage more airlines to set up base in Hyderabad, add more air connectivity, drive more economic activity and promote tourism in the state. The value-added tax on jet fuel currently stands at 16% and slashing it to 4% will make Telangana among the few Indian states to do so. States that reduced tax on jet fuel include Gujarat, Orissa, Madhya Pradesh, Chhattisgarh and West Bengal. The ATF slash could be clubbed with other promotion programs which would aim at increasing the aviation activity by encouraging the airlines’ throughput. Similar exercise in Bangalore ...

ITC today disclosed its plans to set up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. Pradeep Dhobale, ITC Executive Director and in-charge of Paperboards, Specialty Papers and Packaging businesses met with CM KCR and discussed ITC’s plans in setting up agro-based industries, food processing units, plantations along with a paper manufacturing unit with an initial investment of 3500 Crore. The CM  explained the rich resources Telangana has and reciprocated by saying his Government would help ITC with land and other resources to set up it’s units. More details are awaited. ITC presently has 2 of it’s operations in Bollarum and Bhadrachalam. The facility in Bhadrachalam is India’s largest integrated pulping and paperboard manufacturing unit.