Monday, July 22, 2024

Yadadri development is an investment

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Hundi collections are returns

Industries Minister KT Rama Rao said that the reconstruction of the Yadadri Temple is an investment. Speaking at the Meet and Greet in Davos, KTR said, “Today a temple like Yadadri was rebuilt by spending Rs 1000 crore to Rs 1200 crore. Isn’t that an investment for the future? Today Yadadri Hundi is generating revenue of Rs 1 crore every day. Is it an investment or debt? Every paise kept in the productive sector will pay back and will create wealth. Where will the wealth go? Again the state will get what we keep in the productive sector. So stop this nonsense about contracting debts. It is ok as long as there is replacing capacity.”

BJP leaders were critical of these comments as they said the true intentions behind the redevelopment of the Yadadri temple were revealed by KTR.

A. Venkat Ramana, the BJP social media convenor said, “With these comments, KTR admitted that the temple wasn’t developed because of the love of God but only for income.”

Is it wrong to provide new power lines, substations and roads among others, KTR asked.

Before heading to the World Economic Forum meeting which will be held at Davos, Switzerland, between January 16 and 20, 2023, IT and Industries Minister KT Rama Rao spoke at the ‘Meet and Greet’ programme organised by the Indian diaspora in Zurich on Sunday.

Indians living in Switzerland, the United Kingdom, Denmark, Germany, Norway, and other countries attended the gathering.

The Minister spoke about the astounding progress achieved by the Telangana government after the inception of the State in 2014, its holistic development model and other topics.

Giving a peek into development, KTR said that paddy production was 68 lakh tonnes and procurement by the government was 24 lakh tonnes in 2014. And in 2022, the production and procurement grew to 3.5 crore tonnes and over two crore tonnes respectively.

The IT exports from Telangana grew from Rs 57,000 crore to Rs 1.83 lakh crore. The per capita income of Telangana increased from Rs 1.24 lakh in 2014 to Rs 2.78 lakh, while the national average is Rs 1.49 lakh.

Speaking about the progress achieved in villages, under the leadership of Chief Minister K. Chandrasekhar Rao, KTR said that now every village has a nursery, vaikunta dhamam and 10% of the Gram Panchayat budget is earmarked as a green budget, and the government has provided a tractor and a tanker for every gram panchayat in the state.

KTR said the needs of farmers were taken care of by providing free power round-the-clock, Rythu Bandhu and Rythu Bhima, high-quality seeds, fertilizers and pesticides, and Rythu Vedikas were built. He said that Palle Pragathi was a role model and that the needs of people in villages were thoroughly thought through by CM KCR, which no other CM or PM did.The Industries Minister said that five revolutions are unfolding in Telangana. They are the pink revolution (meat), yellow revolution (oil palm), blue revolution (inland fisheries), white revolution (milk) and green revolution (crops).

KTR placed three requests before the NRIs. He asked them to be the State’s goodwill ambassador, participate in government programmes like Mana Ooru – Mana Badi and promote Telangana and India.

Urging them to be part of the State’s growth story, KTR assured them complete support even if anyone wants to make small investments in the State and create jobs.

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