Despite recession, state sees investment

TS to set up 2,254 industries in various sectors with an employment potential of 1,70,888 people

In spite of economic recession in the country but and across the globe, the Telangana state has witnessed a flow of investments in the current financial year. Through TS iPASS, so far the Telangana state has received `1,84,655.44 crore investment in various sectors as per the Socio Economic Outlook 2020 report. In the current financial year, up to 31st December, `24,577cr investment has come to

Telangana state to set up

2,254 industries in various sectors with an employment potential of 1,

70,888 people. In the last five years, the Telangana state has given permission to 11,857 industries with the investment of `1,

84,655. 44 crore and the total employment potential reached 13,98, 056. Out of 11857 industries,

9020 industries have commenced operations with an investment of `85,

125.83 crore and provided employment to 6, 23,071 people. About 764 industries are in the advanced stage with an investment of `28,116. 96 crore and an employment potential of 2,

87,112 people. While 645 industries are in the initial stage with `51,023 crore investment and

2,57,323 employment potential and 1,428 industries are yet to start construction works with the investment of `20,388.85 crore with 1,40, 550 employment potential. The Telangana Engineering and Food process sectors have been experiencing heavy demand. Most of the investments have come to Engineering, food processing, Agro based, cement and other sectors. Out of

`24,577 crore investment

`712.58 crore has come to the engineering sector to set up 437 industries. The Socio Economic Survey

2020 report said that there is significant growth in the registration of new industrial units in Telangana. The total number of working manufacturing units in the state grew from 7,729 in 2009-10 to 12,476 in 2016-17, an increase of 61%.