Live
- Gujarat: Over 22,000 personnel deployed for Lord Jagannath Rath Yatra
- 20 Mee seva centres sanctioned for the district
- District civil judge Ganta Kavita participates in an awareness programme against raging
- K’taka: farmers' delegation meets Guv, demands probe into MUDA land scam
- DC BM Santhosh assumes charge as ZP Special officer
- SP conducts an awareness programme for police on new criminal laws 2023
- Yoga for Joint Pain Relief: Embracing Wellness Through Movement
- Gadwal BRS MLA Bandla Krisnamohan Reddy joins Congress party
- Secunderabad Cantonment Board Contract Workers Union (AITUC) Hails Merger Efforts, Seeks Unified Circle
- Anant Ambani and Radhika Merchant Dazzle in Abu Jani and Sandeep Khosla Couture at Sangeet Ceremony
Industrial Health Clinic kicks off
Telangana Industries and IT Minister KT Rama Rao on Monday launched Telangana Industrial Health Clinic Ltd (TIHCL), an NBFC initiative of the state government. With an initial corpus fund of Rs 100 crore, TIHCL aims at reviving sick units.
Hyderabad: Telangana Industries and IT Minister KT Rama Rao on Monday launched Telangana Industrial Health Clinic Ltd (TIHCL), an NBFC initiative of the state government. With an initial corpus fund of Rs 100 crore, TIHCL aims at reviving sick units.
The industrial health clinic gets financial aid from the Centre, state government, financial institutions, high networth individuals (HNIs) and industry, and will take care of credit requirements of micro manufacturing units.
“As part of our two new policy inititatives, we have launched TIHCL. The first initiative was Research Innovation Centre, which was already unveiled last month. Several new projects are in progress and will launch them this year and next year,” said KTR after launching Telangana Industrial Health Clinic Ltd (TIHCL) here on Monday.
Energy minister Jagadeeshwar Reddy, IT Secretary Jayesh Ranjan, FTAPCCI president Ravindra Modi, CII-Telangana chapter president V Rajanna, Telangana Industrialists’ Federation (TIF) president K Sudhir Reddy, Aleap president K Rama Devi, Dr B Yerram Raju, adviser to TIHCL, other representatives from the industry and other officials participated in the event.
Dr Yerram Raju said that TIHCL would work for ensuring zero NPA in manufacturing sector. It will offer services on an average to 5-10 enterprises every month per district. “TSIDC has provided 10 percent seeding to TIHCL. We’re awaiting approval on NBFC from RBI and will start functioning as soon as we receive it,” said Dr Raju.
By Business Bureau
