Hyderabad: Confederation of Indian Industry (CII) has welcomed the Telangana State budget and described it as very industry-friendly.
The decision to clear the pending bills by the government and dues of all the departments with adequate allocations will bring much-needed relief to the industry and help the growth rate. The decision to continue the major irrigation projects will work as a stimulus for the local industry in infrastructure sector amidst the current economic scenario, the CII said.
Welfare schemes like Rythu Bandhu and Rythu Bheema will help the agriculture sector a lot in the current drought and delayed monsoon scenario, it said. “Overall, the budget will be thrust to MSME, agriculture and Infra sector which are key contributors for a growth economy”, CII Telangana Chairman D Raju has stated.