As part of its study on ease of doing business in various States, a delegation of the UK Business Innovation and Skills today called on Industries and IT Minister K T Rama Rao here and discussed on related issues.
The visitors appreciated that Telangana State has the conducive environment for setting up industries and investments compared to other States. The team promised to push investments from the UK to Telangana and extend all cooperation for mutual development through industries and companies. KTR agreed to replicate UK team advice on risk assessment, exit policy, reforms sensitization and dispute redressal mechanism which will prove handy for rapid industrial growth.
The UK team also advised to replicate some of the innovative ideas of doing business for the rapid growth of the economy of the new State. KTR apprised the UK team of the new initiatives being taken up by the youngest State launched new industrial and IT policies. The IT Minister also stated that they are conducting some programs in coordination with FICCI, CII and taking feedback for proper implementation of the policies.