This story is from August 8, 2020

Proactive policies will attract investments into the country: KT Rama Rao

Proactive policies will attract investments into the country: KT Rama Rao
KT Rama Rao (File photo)
HYDERABAD: Telangana IT and industries minister KT Rama Rao said that bold reforms are needed and the disruption caused by the Covid-19 pandemic has forced us to embrace technology in a way never seen before and has helped accelerate our approach towards remote working, implementation of digital solutions.
Delivering the keynote address in the online session "Reinventing Technology in India- Combining the Best of Local and Global Talent, Innovation and Capital’ held as part of CII IndiaAt75 Summit on Saturday, the minister said.

"We need to design proactive policies to encourage companies to invest in India. As a step towards the same, the Telangana government has introduced a best in class Electric vehicles policy on 6th August,” KTR said.
KTR highlighted the three "I" mantra and said, “What India needs today are innovation, infrastructure, and inclusive growth.
The minister said that India has one of the largest pools of technology workforce across the globe and has gained a significant lead in the industry over the last two decades. “The pandemic acts as a perfect platform to strengthen our position in the sector,” he added.
He said that with a median age of 26.8 years, India has the youngest workforces in the world which would play an important role during this phase of acceleration.

He said the usage of technology in various sectors such as the agritech sector to increase profitability to farmers, technology for digital education, online retail, and robot deliveries. "5G will play a very critical role and India is very well capable of developing a cost-effective and swiftly deployable 5G solution. This is crucial and will go miles in strengthening our position as a technology leader in the world,” he added.
The minister also stated that Telangana has already fast-tracked the implementation of several use cases based on advanced techs such as AI, Drone, Blockchain, and Cloud.
IT and Industries principal secretary Jayesh Ranjan was also present.
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