Vaddiraju Ravichandra calls for tax policies that support local industry, employment, and micro, small and medium enterprises, urging the Centre to ensure reforms deliver tangible economic results alongside attracting investment.
Vaddiraju Ravichandra has urged the Centre to make sure tax reform does more than lure capital, arguing that new rules must also support domestic manufacturing, job creation and the expansion of micro, small and medium enterprises.
Speaking in the Rajya Sabha on Monday during debate on the Taxes and Other Laws (Amendment) Bill, 2026, the BRS parliamentary party leader said the proposed changes would bring greater clarity to taxation linked to foreign investment, electronics, manufacturing, real estate investment and infrastructure investment trusts, while also making it easier to do business.
Ravichandra said any reliefs or incentives should be tied to clear results, including actual investment, employment and technology transfer. He also called for stronger support for farmers, industries and MSMEs, and said Telangana should be given due weight in future industrial and infrastructure planning. The appeal comes as the state government has been expanding its own push for small businesses, including the MSME Policy-2024 unveiled by Chief Minister A. Revanth Reddy in September 2024.
According to Telangana government and state investment material, the state has already set out an ambitious MSME drive through industrial parks, subsidies and other incentives. Officials have said the Telangana State Industrial Development Corporation has developed 28 industrial parks over 2,500 acres for MSMEs, while six more parks are planned and 12 are being upgraded. Separate reports have also said the state budget for 2025-26 set aside ₹3,257 crore for industries, alongside a plan to invest ₹4,000 crore over five years to establish more than 25,000 new MSMEs.
Ravichandra also pressed for lower compliance costs and better access to finance for smaller firms, warning that many domestic MSMEs face uncertainty in the market. He said Parliament should be informed periodically about how much revenue is given up through tax concessions, what investment those incentives generate and how many jobs they create, in order to judge whether the measures are working as intended.
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