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State emerging as favourite investment destination: KTR
Industries Minister K Taraka Rama Rao on Saturday stated that the Telangana State had emerged as the most favourite investment destination in the country.
​Hyderabad: Industries Minister K Taraka Rama Rao on Saturday stated that the Telangana State had emerged as the most favourite investment destination in the country.
Speaking after releasing the annual reports on Industries and Commerce and Mining Departments here, KTR pointed out that the State government had so far cleared 131 proposals under TS-iPass. The projects cleared would secure an investment of Rs. 10,866 crore and provide direct employment to 23,342 persons.
Minister for Industries K Taraka Rama Rao, while releasing annual report, the TSiPass and new industrial policies have secured investments to the State
Similarly under the new industrial policy, so far as many as 338 proposals had been cleared and would provide 86,275 direct jobs and get Rs. 35,925 crore worth of investment.
KTR said the State government had not restricted the industrialisation process to Hyderabad or its outskirts only. He said as many as 1,792 investment proposals had been approved in districts. This would get investments of Rs. 2,800 crore and provide direct jobs to 34,935 people.
He said the State would soon get a new Food Processing Park and a Seed Park. The State had maintained its lead in aero-space and Defence manufacturing. He revealed that a global investment summit has been planned for next year. The State government would provide additional incentives to the mega investors, he said.
The minister said the government would promote sector-focussed parks. There would be a few inspections and maximum felicitation. KTR said the sand mining had fetched revenue of Rs 2,774 crore during 2015-16, which was the highest in Southern States. The government aimed to earn Rs. 4,000 crore through sand mining during 2016-17.
