Hyderabad, June 22 (Maxim News): Minister for IT and Industries KT Rama Rao has urged the union government to encourage the progressive States like Telangana and extend all help by offering incentives.
He was speaking at a programme after laying a foundation stone for VEM Technologies Pvt. Ltd.’s Integrated Defence Systems at NIMZ, Zaheerabad in Sangareddy district on Wednesday.
The Minister said the State government had asked the Centre to grant a defence industrial production corridor between Hyderabad and Bengaluru and conveyed it the proposed corridor would help in using each other’s strengths for value creation due to the presence of a set ecosystem.
However, ignoring the plea of Telangana State, the Centre has sanctioned it to Bundlekhand, where no such ecosystem is in place. At least now, the union government should keep aside politics and encourage the progressive States like Telangana,” KTR said.
VEM Technologies is investing Rs 1,000 crore in Zaheerabad to set up an Integrated Defence Systems unit. It is coming up in 511 acre at the National Investment and Manufacturing Zone (NIMZ) at Zaheerabad. The project is expected to create direct employment to 2,000 people and indirect employment to 4,000.
VEM is a renowned Defence and Aerospace company that offers end-to-end technology solutions and systems for various weapon systems for land, air and naval applications.
VEM, which already has two units in Hyderabad, will use this for carrying out defence works in Zaheerabad.
MP BB Patil, MLAs Manik Rao, Kranti Kiran, Bhupal Reddy, MLC Seri Subash Reddy, TSIIC Chairman G Balamallu, Zilla Parishad Chairman P. Manjusree Jaipal Reddy, principal secretary Jjayesh Ranjan, district collector Dr A Sharath were present on the occasion. (Maxim News)
Next Story :
Unending Crisis Two More Lok Sabha MP Joins TMC Rebel Group
Kolkata/Hyderabad, June 10 (Maxim News): The crisis in the Trinamool Congress (TMC) is deepening. It is learnt that Jadavpur Lok Sabha MP Sayoni Ghosh and Kolkata South MP Mala Roy are likely to join the rebel group of MPs led by Kakoli Ghosh Dastidar. It is learnt that Sayoni Ghosh has already held talks with…
PM Modi Becomes Longest Serving Elected Prime Minister
PM Modi Becomes Longest Serving Elected Prime Minister after completing 4,399 days in office and surpassing Jawaharlal Nehru’s record.
Eagle Force Conducts Massive Operation: Drug Don Neetubai Ascounds
Hyderabad, june 10 (Maxim News): Eagle Force has launched a massive operation against the illegal drug trade in Hyderabad’s IT core area. Eagle Force conducted an operation to arrest drug don Neethubhai in Nanakramguda. It seems that the drug don fled from there after receiving information that Eagle Force was coming. However, Eagle Force has…
Mahesh Kewat To Rajya Sabha In Place Of Meenakshi Natarajan
Internet/Hyderabad, June 10 (Maxim News): The Congress party has suffered a major setback in Madhya Pradesh. The rejection of the nomination of its Rajya Sabha candidate Meenakshi Natarajan has paved the way for the BJP’s victory. The BJP, which has given a chance to Mahesh Kewat as the third candidate in the state, is almost…
Good News To AP : Center Approved To Construct Central Secretariat Project At Amaravati
Delhi/Hyderabad, June 10 (Maxim News): The Center has given big good news to Andhra Pradesh capital Amaravati, said Union Minister of State for Health and Communications Pemmasani Chandrasekhar. The Union Cabinet met under the chairmanship of Prime Minister Modi in New Delhi on Wednesday. In this meeting, approval was given for the construction of the…
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates
