CM Revanth Instructs Officials To Fast-Track Investment Projects
Wants 3-tier categorisation of companies; reviews Metro Rail works
Chief Minister A. Revanth Reddy has directed officials to ensure the swift implementation of Memorandums of Understanding (MoUs) signed with global companies. As part of a dedicated monitoring mechanism for investments, a senior IAS officer will oversee the progress.
At a review meeting held at his residence in Jubilee Hills, attended by Industries Minister D. Sridhar Babu, Chief Secretary Ramakrishna Rao, CM’s Special Secretary Ajith Reddy and other senior officials, the Chief Minister assessed the status of MoUs signed with various companies at platforms such as Davos, the ‘Telangana Rising’ Global Summit, and other venues. He emphasised that companies already allotted land and granted necessary approvals should be encouraged to commence operations at the earliest.
Revanth Reddy directed officials to allocate land to companies within the designated ‘CURE, PURE and RARE’ zones and to expedite all pending land acquisition processes. He also asked officials to proactively gather details on infrastructure and amenities required by these companies. Noting that data centres can utilise treated water supplied through Sewage Treatment Plants (STPs), he directed officials to prepare suitable plans.
The Chief Minister instructed officials to classify companies that have signed investment agreements into three categories. Top priority will be given to multinational corporations and firms with a strong market reputation to ensure early commencement of operations. The second category will include rapidly growing companies with high future potential, while the remaining firms will fall under the third category.
He also ordered the creation of a comprehensive real-time dashboard to keep the Chief Minister’s Office and concerned departmental ministers fully updated on progress.
Earlier, the Chief Minister reviewed the progress of Hyderabad Metro Rail works and directed officials to expedite pending land acquisition in the Old City. He instructed that the Metro Rail project up to Chandrayangutta be completed within the stipulated timeline.
