Telangana government should expedite completion of ongoing infrastructure projects and also take up new ones to bridge the divide between Hyderabad and other parts of the state, industry body Assocham said today.
"Developing infrastructure in Telangana is essential for reducing costs of economic activities thereby leveraging public resources to access a large pool of private resources and providing an environment that help benefit from liberalised policies," a strategy paper titled 'Realising Growth Potential of Telangana', undertaken by the ASSOCHAM, said.
The paper has already been submitted to the Chief Minister and other concerned authorities.
ASSOCHAM would be holding 'Invest Telangana' in December this year, with a view to mobilise investments in the state, the industry body's national secretary general D S Rawat told reporters here.
Telangana has a revenue surplus of Rs 3,555 crore for 2014-15 fiscal. However, Telangana would be left with a loan burden of Rs 61,000 crores in view of the internal debt burden of over Rs 1.45 lakh crore of united Andhra Pradesh (after the Centre waived Rs 18,000 crore debt) to be apportioned between the states on the basis of population ratio, the paper said.
"As such, mobilising resources to fulfil promises made in the election manifesto is the single most immediate concern for the state government," it said.
Telangana needs to focus on a strategy of using public investment exclusively for development of primary sector and private investment for industry and service sectors, Rawat said. (PTI)
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