Hyderabad, Nov 24 (KNN) Telangana Industrialists Federation (TIF) has hailed the steps proposed for industry by Telangana Chief Minister K Chandrasekhar Rao in the Greater Hyderabad Municipal Corporation (GHMC) election manifesto.

"The local industrial segment, especially SME & MSME, were badly affected by the corona crisis and the resultant harsh lockdown. TIF has on this occasion appealed to Telangana for relief in the minimum electricity charges for LT & HT power,'' K Sudhir Reddy, president, TIF said in a statement on Monday.

''We are pleased to note this demand is being conceded by the CM and hope this positive step will benefit budding entrepreneurs & MSME industrialists," he added.

TIF also expressed satisfaction with the abolition of MV Tax for transport vehicles for the period of March-September.

Together with the relief of 50 per cent on property tax and 90 per cent reduction in late payment penalty, this should alleviate the burden of the distressed industrial segment, he added.

He further said that TIF remained committed to the all-round progress of Telangana State and will continue to work with the State government.