Hyderabad: Congress on Saturday provided more evidence to debunk claims by BRS leader KT Rama Rao on Kancha Gachibowli land and the TGIIC fund, which ICICI Bank said the 400-acre site was not mortgaged.
MP Chamala Kiran Kumar Reddy provided the document saying 37 investment and finance companies purchased 9,99,528 bonds, each worth Rs 1 lakh, issued by TG Industrial Infrastructure Corporation (TGIIC). He said TGIIC raised Rs 999.95 crore with the approval of the Reserve Bank of India.
He said this proves that the government or TGIIC did not mortgage what the BRS calls Kancha Gachibowli land.
IT Minister D. Sridhar Babu said at another press conference that the government raised the money at a rate of 9.3%, which borrowed at a price of 10.9% compared to the previous BRS government.
The government will establish mini industrial parks for rural women in all 119 parliamentary constituencies, as part of a broader drive to empower women economically and promote grassroots entrepreneurial spirit in rural and semi-urban areas. Industry Minister D. Sridhar Babu said the parks would be entirely managed by women.
Sridhar Babu said the parks will provide women with dedicated space to run small-scale businesses in manufacturing, services and technology, while the initiative is scheduled to take place on June 12-14 at Hitex when the initiative was announced in the second edition of the “Food A Fair” brochure.
The government plans to establish a training academy to enable women to have key entrepreneurial skills including business management, digital and financial literacy and marketing. Special distribution within the park will promote inclusive economic growth for SC and St female entrepreneurs.
Sridhar Babu said the plan supports Telangana’s ambition to become a $1 trillion economy and reflects the government’s widespread concern for gender equality and self-sufficiency through commercial support. As part of this push, Telangana launched its first dedicated MSME policy with a focus on female-led and SC, ST-RUN enterprises. The policy addresses challenges such as access to affordable land, finance and technology.
A 100 crore Yantram fund was also established to support the technological upgrade of MSMES to improve its competitiveness.
“Gourmet Fair” will bring together food producers, packaging experts, processing professionals and chefs for three days of exhibitions and discussions.
