Friday, Sep 5, 2025
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Sport
  • Science and Tech
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • My Space
    • Olympics
    • Education Today
    • Reviews
    • Property
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • My Space
  • Reviews
  • Education Today
  • Property
  • Lifestyle
Home | Telangana | Rs 3077 Crore For Industrial Sector Rs 2500 Crore For Incentives Alone

Telangana budget: Rs 3,077 crore for industrial sector, Rs 2,500 crore for incentives alone

Finance Minister T Harish Rao said the industrial sector in the State was progressing at a rapid pace.

By Telangana Today
Updated On - 18 March 2021, 06:46 PM
Telangana budget: Rs 3,077 crore for industrial sector, Rs 2,500 crore for incentives alone
whatsapp facebook twitter telegram

Hyderabad: Giving an impetus to the industrial sector for continued positive growth, the State government proposed to allocate Rs 3,077 crore in the budget estimates for the financial year 2021-22, accounting for a 54 per cent increase over last year’s allocation of Rs 1,998 crore. The State also set aside Rs 2,500 crore towards incentives for industrial promotion, up from Rs 1,132 crore last year.

Finance Minister T Harish Rao said the industrial sector in the State was progressing at a rapid pace. The State government has introduced several initiatives and reforms that made things convenient for industry, especially in obtaining permissions. Among all the initiatives, TS-iPASS has garnered national and international attention as obtaining clearance for industries through the single window system has become faster and simpler. Industrial bodies have welcomed the initiative and the investor-friendly policies have ensure that Telangana is in the top three in Ease of Doing Business (EoDB) rankings.


In the past six years, permissions have been accorded to 15,252 industrial units. This has ensured investments inflows of Rs.2.13 lakh crore into the State, besides creating employment opportunities for nearly 15.51 lakh people, he said.

Stating that Telangana accounts for 14 per cent of the country’s total pharma sector exports, Harish Rao said Hyderabad is considered the vaccine capital of the world with one-third of pharma companies that produce vaccines based in Hyderabad.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Budget
  • incentives
  • industrial promotion
  • industrial sector

Related News

  • Former minister T Harish Rao pays tribute to Dr Ambedkar at Ambedkar House in London

    Former minister T Harish Rao pays tribute to Dr Ambedkar at Ambedkar House in London

  • Mancherial: Proposed retaining wall along Rallavagu remains a distant dream

    Mancherial: Proposed retaining wall along Rallavagu remains a distant dream

  • Nalgonda Fisheries Officer caught taking Rs 20,000 bribe

    Nalgonda Fisheries Officer caught taking Rs 20,000 bribe

  • Telangana wins junior titles at South Zone badminton championship

    Telangana wins junior titles at South Zone badminton championship

Latest News

  • 3 IAF Chinooks airlift 135 Manimahesh devotees to safety in Himachal

    13 mins ago
  • Chunky Panday calls daughter Ananya Panday’s glam ‘comedy show’

    25 mins ago
  • Adani Power gets shareholders’ nod for 1:5 stock split

    35 mins ago
  • Live bullet found in passenger’s baggage at Hyderabad airport, police probes case

    37 mins ago
  • Hyderabad: Pregnant woman found murdered in Jawaharnagar

    38 mins ago
  • Messi scores twice in an emotional home farewell for Argentina

    45 mins ago
  • Hyderabad Pickleball League: Saina joins Keerthi Warriors as co-owner

    9 hours ago
  • Hyderabad sports roundup: Snehit, Sreeja for Asian Table Tennis

    9 hours ago

company

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

  • Telangana Today Telangana Today
Telangana Today Telangana Today

© Copyrights 2024 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam