Hyderabad: Minister K. Tarakarama Rao instructed the officials of the IT and Industries departments to have set targets towards attracting investments which will generate more employment opportunities in the state.
Minister KTR held a review meeting with the officials of IT and Industries department at Pragathi Bhavan in Hyderabad today.
During the meeting, Minister said that the Telangana government’s industrial policy succeeded in attracting investors from across the world. TS-iPASS has already granted approvals to 11569 industries out of which 80% of the companies have already started functioning and have generated 6 lakh jobs.
Minister KTR stated that the government will bring in more textile, electronics, and food processing industries to the state as these sectors have abundant scope to create jobs for the unemployed youth. He also stated that many foreign investors from the textile and electronics sectors are keen on investing in Telangana.
Telangana Government has created favorable conditions for the textile industry in the state. In the meeting, Minister stated that Telangana housed the country’s largest textile park – Kakatiya Mega Textile Park in Warangal and has recently signed the final agreement with Koran company Youngone Corporation.
To boost the electronics manufacturing sector in the state, Minister KTR recently held a series of meetings with Apparel Industry representatives in Bengaluru along with Principal Secretary Jayesh Ranjan.
Minister KTR stated that Major firms such as One Plus, Sky Worth have already set up their facilities in Hyderabad. He mentioned that attempts are being made to rope in electric vehicle and battery manufacturing industries.
Minister KTR stated that the Telangana government has been giving top priority to the agricultural and irrigation sector.
This has led to an increase in crop production, giving a large scope for the food processing industry. He said that food processing units will create employment opportunities in rural areas.
To bring in more investments to the state, Minister KTR will soon hold sector-wise meetings with the industry heads. He instructed the IT and Industries department officials to provide complete information related to land banks and industrial parks with the investors who show interest in setting up their firm in the state.
Minister KTR instructed the IT and Industries department officials to aggressively work towards bringing in more investments to the state to generate employment opportunities in the state. (INN)