Visiting Telangana chief minister K Chandrashekhar Rao on Friday said he would like India’s newest state to grow along the lines of ‘Singapore model’. ‘I am impressed by the zero corruption, the discipline, the time management (in Singapore)’.
‘After witnessing the best in Singapore, I have no doubt in my mind that the state of Telangana can be developed on similar plans,’ Rao said addressing the Indian Institute of Management conference (IIMPACT-2014) here.
‘The government will offer the best incentives to investors than any other state in the country’.
Industries across the spectrum could avail the tax benefit, the chief minister said. In response to a question on the percentage of tax in the likely ‘pioneer status’ for investors, he said: ‘I don’t say the percentage, but it would be lower than any other states.’ To attract investments, all the states in India give various kind to incentives to investors.
‘(But) I have studied the incentives that are offered by the neighbouring states, my government will come up with a package of incentives that are much better than what is being offered by other states,’ he said.
He also dismissed concerns over power shortage in the state, assuring that his administration would overcome this critical requirement of the industries in 2-1/2 to 3 years.
‘We will overcome the power shortage in 2-1/2 to three years,’ he said after addressing the conference.
‘After witnessing the best in Singapore, I have no doubt in my mind that the state of Telangana can be developed on similar plans,’ Rao said addressing the Indian Institute of Management conference (IIMPACT-2014) here.
‘The government will offer the best incentives to investors than any other state in the country’.
Industries across the spectrum could avail the tax benefit, the chief minister said. In response to a question on the percentage of tax in the likely ‘pioneer status’ for investors, he said: ‘I don’t say the percentage, but it would be lower than any other states.’ To attract investments, all the states in India give various kind to incentives to investors.
‘(But) I have studied the incentives that are offered by the neighbouring states, my government will come up with a package of incentives that are much better than what is being offered by other states,’ he said.
He also dismissed concerns over power shortage in the state, assuring that his administration would overcome this critical requirement of the industries in 2-1/2 to 3 years.
‘We will overcome the power shortage in 2-1/2 to three years,’ he said after addressing the conference.