Rama Rao was interacting with a delegation of 250 representatives from real estate organisations of Maharashtra, who are on a three-day visit to Hyderabad to study the progress of the state and especially, the city.(DC Image)
HYDERABAD: Industries minister K.T. Rama Rao on Saturday, emphasising Hyderabad’s improved infrastructure, booming real estate, and continuous growth across sectors, said that Telangana "is growing at a pace faster than a bullet train".
Rama Rao was interacting with a delegation of 250 representatives from real estate organisations of Maharashtra, who are on a three-day visit to Hyderabad to study the progress of the state and especially, the city.
Meeting the delegation at T-Hub, Rama Rao gave a detailed presentation on programmes taken up by the Telangana government over the past 10 years to transform Hyderabad into a global city, crediting Chief Minister K. Chandrashekar Rao’s leadership for the same.
Addressing the delegation, Rama Rao said the people of Telangana and Maharashtra have a strong bond, citing shared historical and cultural ties. He also recalled his days in Pune, where he was a student.
Rama Rao said that Telangana state was born after a separate state movement was run for decades. He said that many expressed apprehensions during the state formation, but the Telangana government, with its progressive policies and welfare schemes, has brought great development to the state in the past 10 years.
He said that the Telangana government successfully overcame the electricity and drinking water crisis. He said that the state government was ensuring the growth of both urban and rural development with its holistic, integrated, inclusive, and balanced approach.
"Governments need to understand that cities have become economic growth engines for the development of the state and country. Urban development can be possible only when more funds are allocated for the development of infrastructure. Telangana government was working with a multi-faceted approach to the development of Hyderabad city," Rama Rao said.
Rama Rao also cited the development of world-class infrastructure in attracting investments, not just in the IT sector, but also in life sciences and biotech. He said that Hyderabad had surpassed Bengaluru in creating the highest number of IT jobs for two consecutive years.
"Telangana stood at the top position not only in IT exports but also in paddy production," he said.