Minister KTR holds review with IT and Industries departments officials…..

Telangana: Hyderabad: Dec 18 (HS): The Minister of MA&UA, Industries, and IT&C in Telangana, KTR Rao instructed the officials of the IT and Industries departments to set targets towards attracting investments which will generate more employment opportunities in the state.

The Minister held a review meeting with the officials during which he said the Telangana government’s industrial policy succeeded in attracting investors from across the world. He said TS-iPASS has already granted approvals to 11569 industries out of which 80 percent of the companies have already started functioning and have generated 6 lakh jobs.

KTR stated that the government would bring in more textiles, electronics, and food processing industries in 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, the 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 Korean company Young one Corporation.

To boost the electronics manufacturing sector in the state, he recently held a series of meetings with Apparel Industry representatives in Bengaluru along with Principal Secretary Jayesh Ranjan. He also 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.