ENA State 2024-05-22 16:24:44 <p><span style="font-size:14px"><strong>Hyderabad, May 22 (KNN)</strong> The Telangana government is set to adopt six new industrial policies aimed at boosting the state's manufacturing sector and economic growth.</span></p> <p><span style="font-size:14px">This comes after Chief Minister A. Revanth Reddy reviewed industrial development in the state and called for policies to help Telangana better compete with other countries.</span></p> <p><span style="font-size:14px">During a meeting with officials from the Telangana State Industrial Infrastructure Corporation, Reddy emphasised the need for a revamped industrial strategy.</span></p> <p><span style="font-size:14px">He advised formulating policies specifically to benefit powerloom and handloom workers to promote the textile industry.</span></p> <p><span style="font-size:14px">The six new policies to be finalised before the upcoming election code period include an MSME Policy, Export Policy, New Life Sciences Policy, Revised EV Policy, Medical Tourism Policy and Green Energy Policy.</span></p> <p><span style="font-size:14px">Reddy directed the officials to study best practices from industrial policies in other nations while drafting the new initiatives.</span></p> <p><span style="font-size:14px">He stressed that modern policies were crucial for Telangana to attract more investment and accelerate industrial growth across multiple sectors.</span></p> <p><span style="font-size:14px">Officials briefed the Chief Minister on the proposed policies, which are expected to focus on areas like incentives for small businesses, boosting exports, leveraging Telangana's strengths in life sciences and medical tourism, promoting renewable energy adoption and creating an conducive environment for electric vehicle manufacturing.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37916 https://knnindia.co.in/news/newsdetails/state/telangana-to-adopt-sectoral-industrial-policies-for-msmes-textiles-exports-life-sciences-ev-green-energy 2024-05-22 16:24:44 knnindia.co.in