Telangana IT Minister K.T. Rama Rao on Monday requested Union Minister of State for Commerce Nirmala Seetharaman to help the State get Union Cabinet approval for the two proposed special economic zones - Pharma City and National Investment & Manufacturing Zone (NIMZ).
During a meeting with the Union Minister in Delhi, Mr. Rama Rao sought a financial assistance of Rs. 1,500 crore for the development of Pharma City. He claimed that Ms. Seetharaman had agreed to sanction Rs. 200 crore to begin with. He sought financial tax exemption for the SEZs and also sanction of a leather park to the State. Mr. Rama Rao also requested the Union Minister to sanction multi-brand SEZs to Telangana since the existing and proposed ones were single-product based.
Andhra Pradesh and Telangana shared a commissionerate on SEZs located in A.P. now, Mr. Rama Rao said and urged the Centre to sanction an exclusive office for Telangana with its headquarters at Hyderabad.
