Telangana industries upset with Budget!

The industrial sector of Telangana state is totally upset with the first ever budget tabled in the new state. There is an ’emergency’ like situation going on in the state as industries are suffering from severe power crisis. While the Chief Minister himself speaks of no solution to the problem for at least 3 years, there are even no steps in that direction to address the problem.

Telangana government does a meagre allocation of 998 Crores for the power sector which is less than that of what is allocated to Muslim Welfare (1030 Crores). The budget also do not provide any allocation for development of infrastructure for the power sector. Even though the government announces hefty targets of adding 20,000 MW of generation capacities in next five years, there is no mention of how it can be attained.

The only respite to the industrial sector comes in with the Rs 638 crore allocation for disbursing the pending sanctioned incentives/subsidies to industrial units.