Hyderabad: The Telangana government is pooling resources and making efforts to make the state a leader in the country in cashless transactions post demonetisation, Governor ESL Narasimhan said in Hyderabad on Thursday. "Siddipet Assembly Constituency has been taken up as a pilot project in this regard. Ibrahimpur village in the said constituency has achieved the distinction of being the first village to go cashless in toto," he said in his Republic Day speech at the Parade Ground in Hyderabad.
Noting that the state has achieved first position in Ease of Doing business rankings conducted by the Centre and World Bank, he said the Telangana Industrial Project Approval and Self-Certification System (TS-iPASS) has attracted susbtantial investments into the state. "Nearly 3000 industries have been clearances with an investment of Rs 50,000 crore to create about two lakh jobs," he said. The growth in IT sector is 16 per cent, which is three per cent higher than the national growth average, he said.