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Hyderabad News.Is GO111 on the way out? Minister hints so. Investors in GO111 areas may have reason to celebrate, afterall
(Excl Ventures News.)Telangana Rashtra Samiti working president K.T. Rama Rao on Tuesday hinted that the state government will abolish the GO Ms No. 111, which was issued in 1996, prohibiting construction activity within 10 km of Hussainsagar and Himayathsagar lakes in the city.
He also said the MMTS Rail would be extended to Shankerpally and the Hussainsagar lake would be developed at a cost of Rs 100 crore. He announced this at a public meeting at Shamshabad organised by P. Karthik Reddy, the Congress leader who is joining the TRS.
While welcoming Karthik Reddy and his followers to the party, Mr Rama Rao said that the state government will take a decision regarding the GO 111 as per the resolutions passed by the Gram Panchayats affected by the GO order.
Maintaining that the Chevella Lok Sabha constituency was a “mini India”, he said several IT industries have come up in Serilingampally Assembly segment which is under the Chevella Lok Sabha constituency.
He said that in future IT industries would come up in Budwel and Kishmathpur villages, too, which are under the Rajendranagar segment. Comment :
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