Jayesh Ranjan, the Principal Secretary, Govt of Telangana 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 Ranjan said Telangana State offers the best of India.
Speaking as a Chief Guest at the Indo-American Chamber of Commerce, Telangana and Andhra Pradesh Chapter, the apex bi-lateral Chamber synergizing India-US Economic Engagement on Monday night at Hotel Park Hyatt, Jayesh 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
India's story is different, he said and added that we have 28 Indias 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.
We have an agile state and the government. We are not just looking at large companies alone. We need investments from midscale companies, who are extremely valuable to us, he said. 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.
Earlier addressing the gathering Mr Yvon Guillaume, Acting Consul General, US Consulate General, Hyderabad said that they enjoyed a strong diplomatic relationship with India, bilateral engagement and partnership with Telangana and IACC. The trade between the two countries increased eightfold in 2 decades and now stands at 159 Billion US $. Indians have invested 12.7 bn US $ in the United States of America.
Speaking further he added that nearly 2 lakh Indians are studying in the USA currently. The number was 8000 several years ago and has reached two lakhs now. These Indian students contributed $ 7.7 billion to the US economy last year. We continue to work together.
Speaking about Telangana, Mr Yvon Guillaume said Telangana remains a choice for investments for many companies.
Mr. Dasari Balaiah, Regional Passport Officer said the world is opened up. The demand for Passports and Visas has gone up. There is a one-month waiting period for the passport interview. From 3rd September we will also work on Saturdays to facilitate police clearance certificates. We will be living up to the expectations of society, he added.
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.
IACC chapter 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 felicitated was Ramkrishna Mukkavalli, Founder of Maithri Aquatech, which makes water from the air.
Mr Purnachandra Rao Surapaneni, Immediate Past National President of IACC said the Chamber has 1500 members across 15 locations in India.
Mr C. Narayana Rao and Mr Sourabh Jain, Vice Chairmen of IACC, several other office bearers, IACC members, Regional President and chairman of IACC chapters and others participated.