Telangana go-to place for industries
State sees three-fold jump in new units coming to State and the resultant jobs in these industries
Hyderabad: Telangana’s emergence as a progressive and industry-friendly State can be gauged from the fact that it saw a three-fold jump in the number of new industrial units coming up in the State and subsequent employment generation in these industries, thanks to the implementation of its unique TS-iPASS, the single window clearance system in 2015.
Under the scheme, approvals were issued for establishment of 15,326 industries in the State in the last six years with commitments to invest Rs 2.13 lakh crore that would also generate employment opportunities to 15.52 lakh persons, both direct and indirect.
So far, 11,954 industries have commenced their operations with the total investment estimated at around Rs 97,405 crore. Around 7.67 lakh persons are employed in these industries at present. Prior to 2014, successive government could only attract 5,100 industrial units in Telangana region that generated employment of a little over 4 lakh jobs.
Thermal power sector attracted the largest investment commitments since 2015 through TS-iPASS with 29.7 per cent of total investments and is worth Rs 61,646 crore. The other top four sectors that attracted large investment commitments are real estate, industrial parks and IT buildings (27.4 per cent) at Rs 56,899 crore, solar and other renewable energy (9.6 per cent) at Rs 19,945 crore, pharmaceuticals and chemicals (6.2 per cent) with Rs 12,770 crore, and fertilisers (4.2 per cent) at Rs 8,691 crore.
However, the sectors that registered the highest number of jobs under TS-iPASS include real estate, industrial parks and IT buildings (57.2 per cent) generating 8.34 lakh jobs, textiles (13.8 per cent) with more than two lakh jobs, pharmaceuticals and chemicals (5 per cent) with 73,620 jobs, food processing (3.9 per cent) 57,419 jobs, and engineering (3.5 per cent) 51,522 jobs.
The number of units registered, investment committed and employment generated through the industries processed under TS-iPASS varies substantially at the district level. The top three districts in terms of number of units registered are Medchal-Malkajgiri (23.3 per cent) with 3,327 units, Sangareddy (8 per cent) with 1,149 units and Rangareddy (7.6 per cent) with 1,089 units.
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