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Telangana State offers the best of India: Jayesh Ranjan

The government calls for more midscale companies to actively invest in TS

Telangana State offers the best of India: Jayesh Ranjan

Telangana State offers the best of India: Jayesh Ranjan

Hyderabad The Telangana and Andhra Pradesh Chapter of Indo-American Chamber of Commerce (IACC), the apex bi-lateral chamber synergizing India-US economic engagement, had organised a 'Members Meet and Greet' event in the city. Several office bearers, IACC members, bureaucrats and diplomats were present.

Jayesh Ranjan, Principal Secretary, government of Telangana as the chief guest of the event was at his best in his work of promoting Telangana and attracting investments. While speaking to a gathering of Indo-American bilateral trade professionals, who are also members of IACC-Indo American Chamber of Commerce, Jayesh said, 'Telangana State offers the best of India'.

On this occasion, IACC honoured two of its senior members in recognition of their outstanding service. One of them is Subba Rao Pavuluri, a Hyderabad-based space entrepreneur and CMD of Anant Technologies. Subba Rao, the space entrepreneur is a former employee of ISRO (Indian Space Research Organisation).The other distinguished person was Ramkrishna Mukkavalli, founder of Maithri Aquatech, which makes water from air.

Jayesh Ranjan while addressing the gathering said: "It is an opportune time for us in India. We are confronted with a strange situation. We have an aggressive neighbour (read as China) whose leadership behaves erratic, they become hyper yet times. Taiwan, which plays a very important role in moving the supply chain across the globe, is under constant threat from China. No one knows when the Ukraine and Russia war will end.The UK is reeling under an energy crisis like never before. Given this state of world affairs, it is an opportune time for India to emerge as a viable alternative."

He further added that: "India's story is different; we have 28 India's within India. The country was perceived to be a difficult country to do business in. But then things changed. We opened doors to foreign investments. We have become a more industry-friendly nation. And Telangana, the youngest State in India, offers the best of India. We have a progressive industrial policy in place, and the experience of the investors who have invested in the State in the last several years has been very good.

20-plus American companies who started with small investments in Telangana found going was good and they are repeating their investments."

Jayesh told his audience that "We have an agile State and government. We are not just looking at large companies alone. We need investments from midscale companies, who are extremely valuable to us". "We give more importance to midscale companies. This is an opportune time. If you decide to invest in India, let Telangana be your destination, we offer the best of India he told the gathering of Indo-US trade professionals and other entrepreneurs."

Yvon Guillaume, Acting Consul General, US Consulate General, Hyderabad said: "We enjoy a strong diplomatic relationship with India, bilateral engagement and partnership with Telangana and IACC.

The trade between the two countries increased eightfold in two decades and now stands at USD 159 billion, Indians have invested USD 12.7 billion in the United States of America. Nearly two lakh Indians are studying in the USA currently. The number was 8000 several years ago, has reached two lakhs now. These Indian students contributed USD 7.7 billion to the US economy last year. We continue to work together." Speaking about Telangana, Yvon said 'Telangana remains a choice for investments for many companies.'

Dasari Balaiah, Regional Passport Officer said: "The world has opened up. The demand for passports and visas has gone up. There is a one month waiting period for the passport interview. From September 3, 2022 we will also work on Saturdays to facilitate police clearance certificates. We will be living up to the expectations of society."

Kapil Kaul, National President of IACC said, "The Indo-US bilateral relationship is hundreds of years old. The first American Consulate was opened in Kolkata way back in 1792. It is one of the oldest American Consulates anywhere in the world, and the oldest in India. He also announced that he would be leading a 60-member IACC delegation to the USA next month."

Purnachandra Rao Surapaneni, ex-National President of IACC said the Chamber has 1,500 members across 15 locations in India.

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