As part of the MoU, these technologies will be utilized in the areas of land titling, supply chain, identity platform, electronic health records, etc., in the state.
KT Rama Rao, Minister for IT and industries, Telangana government, said, “This facility could be one of the largest incubators in tier-II regions and already has eight start-ups working out of it”.
According to Dutta, the market can accommodate five times more multiplex screens. PVR wants to increase the number of screens to 1,000 by 2021 from 625 now.
The company, which entered India in August 2016, is mainly present in cross border payments for exports to regions like the United States, United Kingdom and Europe etc.
The vaccine is the second “mass campaign” vaccine and first cholera vaccine worldwide to receive such a stamp of approval for storage and distribution outside the traditional cold chain.
The fresh funding would be used for technology development, according to senior executives from Highradius on the condition of anonymity.
The park will come up in an area of 70-15 acres provided by the Telangana government while the Centre is expected to assist with Rs 20-25 crore fund size.
Higher imports were mainly due to pre-stocking ahead of the rabi season and a rise in prices of raw materials.
The project will come up on a 40-acre land in Maheshwaram mandal of Rangareddy district, creating 300 direct jobs and about 200 indirect ones, it added.
The subsidy backlog is expected to be more than Rs 230 billion at the end of March 2018, which is nearly 33% of the budgetary allocation of Rs 700 billion for FY2019.
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