Hyderabad: With an increasing number of companies evincing interest to establish industries in the State, the Telangana State Industrial Infrastructure Corporation (TSIIC) has built up one of the largest land banks in the country with a whopping 1.5 lakh acres. TS-iPASS, subsidies, stable government, sound infrastructure and logistical support continue to attract investors to the State.
Telangana has attracted over Rs 1.61 lakh crore investments since the implementation of its TS-iPASS industrial policy in 2015. Nearly 9,796 new industries came to the State and more than 11 lakh new jobs were created in these four years. Of these, 6,783 commenced operations and 639 are in the advanced stages of construction. While 616 industries are in the initial stages of construction, another 1,758 industries are yet to commence their work.
“We have land parcels in various sizes starting from single plots of about 20 acres in Special Economic Zones (SEZs) and industrial parks. Companies can avail much bigger plots outsides SEZs and industrial parks,” a TSIIC official told ‘Telangana Today’.
Many multinational companies have evinced interest to establish their units and some of them have inked Memoranda of Understanding with the State government. Works pertaining to the mega facility of Amazon have commenced following the approval of their design. Qualcomm too is coming up with an investment of $400 million for its new campus in Hyderabad. Several existing companies such as Hindustan Sanitaryware and Industries Limited (HSIL), Adani Group, Google, Welspum Group and others are looking at expanding their operations in and around Hyderabad.
Most land parcels are available mostly in and around Hyderabad, where there is a huge demand from companies to establish their units. Majority of the companies, including industries, are located in and around Hyderabad with about 2,525 industries located in Medchal district.
However, remote districts such as Nirmal, Jayashankar Bhupalpally and Kumram Bheem Asifabad too have witnessed industrial growth with 59, 94 and 95 industries being established respectively. Officials said special incentives were being extended to companies those willing to set up their units in remote districts that would provide employment opportunities to locals.