Hyderabad, May 17: Civil Supplies and Irrigation Minister Captain N Uttam Kumar Reddy announced that Hyderabad would become a truly global investment destination, competing with the world’s top metropolises.
Speaking after inaugurating the IGBC Green Property Show 2024 at Hitex on Friday, Uttam Kumar Reddy stated that the current Congress Government aims to send a clear message to global investors, the country, and the state that Hyderabad will become a truly global city in every sense.
He highlighted that the existing infrastructure in Hyderabad, including the international airport, Outer Ring Road, expressway, flyovers, and drinking water from the Godavari and Krishna Rivers, was primarily developed by the Congress Government from 2004 to 2014. “We will build infrastructure in Hyderabad to an unprecedented level,” he said.
Citing examples, he mentioned Chief Minister A Revanth Reddy’s plans to develop the Musi Riverfront to global standards and expand the Metro Rail to reach every corner of the city. Additionally, he assured that the Telangana Government would foster a business-friendly environment and that the Ease of Doing Business in Telangana would be the highest in the country. Investors and business people will find the government highly supportive.
“We will be transparent, friendly, and efficient. We will be business-friendly and entrepreneur-friendly. Whatever needs to be done to boost investment, industries, Information Technology, construction, and real estate, our government will be at the forefront,” he said.
Uttam Kumar Reddy noted that the Congress Government had been in power for about five months, with nearly two months spent on elections, limiting their actions due to the model code of conduct. “Now we are focused entirely on governance. We will address any issues in industry, construction, and real estate. We assure you that we will take care of them,” he said.
“I believe that Hyderabad will compete with other global cities. We will provide perfect law and order, world-class infrastructure, ease of doing business, and anything else needed to boost real estate, construction, IT, and other sectors. The ease of doing business will be the best,” he said.
Regarding Green Energy, he appreciated the initiatives by the Confederation of Indian Industry (CII)’s Indian Green Building Council (IGBC). He noted that IGBC has been instrumental in promoting green initiatives across all forms of the built environment. He expressed happiness that Hyderabad has been recognised for its sustainability efforts. “Sustainability is not just a buzzword; it’s a mindset, a way of life that we must embrace wholeheartedly. The real estate, construction, and allied industries significantly impact the environment, but they also offer tremendous opportunities for positive change,” he added.
The minister visited the expo, where nearly 70 developers showcased around 75,000 IGBC Green Certified/Pre-Certified Projects, Green Products, Technologies, and Services apartments spread across 16-17 crore square feet, with an expected turnover of Rs 1 lakh crore.
