Most successful start-up in India is Telangana: Minister
Hyderabad, Mar 2 : Telangana IT and Industry Minister K T Rama Rao has said that the most successful start-up in India is Telangana State. Speaking after inaugurating Annual Session and Telangana Leadership Summit conference with the theme India@75: Catalyzing Change for New India, organized by CII Telangana here on Wednesday, Rao said at the time of bifurcation in 2014, annual per capita income of Telangana was Rs 1.24 lakhs and today our annual per capita income is Rs 2.78 lakhs we have registered 125 growth and State GDP was Rs 5 lakh crores in 2014 and now its Rs 11.54 lakh crores and there is 130 per cent growth. According to RBI’s Statistics report Telangana is the fourth largest GDP contributor in the country with only 2 per cent of the population in the country residing in the State. Telangana is being governed with 3 ‘i’ mantra– Innovation, Infrastructure and Inclusiveness, the Minister said. Invention and innovation could support any system to function well not only for the industry but also for any department for which these are very relevant. Telangana could register tremendous growth adopting innovation strategies and is also fast emerging as a granary of India. All stakeholders need to work together in impacting the society in a positive way, he said. Jayesh Ranjan, Principal Secretary, Deparmentt of Industries & Commerce and IT, E & C Departments, Government of Telangana said that industry could collaborate with the State Government in the areas such as taking up collective responsibility to train and place the young students through internships and apprenticeship programs. Each company could take certain students as apprentices every year and offer on the job training to them. Every company could also consider providing mentorship support to start ups. CII’s Start up centre also could play a pivotal role in providing guidance in this intervention. Industry could also work with the State Government in adopting water bodies or lakes in strengthening the sustainability interventions, he said. (UNI)