Mention What Others Are Offering, We'll Meet Or Beat Their Offer: Telangana Minister To French Companies
NDTV
Telangana's Industries Minister KT Rama Rao on Friday offered sops for the French companies that are looking to invest in the country.
New Delhi: In an aggressive investment push, Telangana's Industries Minister KT Rama Rao on Friday offered sops for the French companies that are looking to invest in the country. Speaking at the fourth Indo-French Investment Conclave 2021, in Hyderabad, the Minister said, "Telangana has already been a preferred destination for IT, Aerospace, Life Sciences, and Pharma companies including French companies."
"If a French company wants to invest in India and can mention what the other states are offering, we will meet or beat their offer," he stated.
In his address, Mr Rao mentioned that Hyderabad International Airport will receive Rs 6,300 crore for increasing its capacity to 34 million passengers, backed by France's Groupe ADP partnership. He also said that French fruit beverages manufacturing company Georges Monin has doubled investment in its upcoming manufacturing plant in Telangana to Rs 200 crore.
Mr Rao, further stated, "Telangana is one of the fastest-growing states in the country. Since the formation of the state, the state government has been introducing innovative policies to attract global firms and investments.
