Continuity of Government policies is important, says KTR

Hyderabad: Industries Minister KT Rama Rao stressed that for industrial growth in a State, continuity of government polices was extremely important.

When an industry was set up in one government, there would be expectations that whatever promises were made by that particular government would be kept by the succeeding government, irrespective of their political affiliations, overall strategies and views, he said.

“Governments and institutions are permanent though leaders, who head the government might change,” Rama Rao said at FTCCI Excellence Awards presentation ceremony here on Monday.

Apart from IT and pharma, Telangana focused a lot of life sciences sector and emerged as a formidable force not only in the country but in the world. Telangana was home to world’s largest number of USFDA approved manufacturing units with 214 and the second largest was New Jersey with 189, he said.

India’s largest medical devices park was set up at Sultanpur. It houses 60 units, including world’s largest stent manufacturing unit. Telangana government would be launching the world’s largest pharma cluster at Mucherla shortly, the Minister said.