Telangana to create three lakh jobs in electronics by 2023: KTR

Making efforts to create a strong manufacturing ecosystem

By Author  |  Business Bureau  |  Published: 3rd Dec 2019  12:38 amUpdated: 3rd Dec 2019  1:44 am
IT Minister KT Rama Rao inaugurating Intel’s design and engineering centre in Hyderabad,

Hyderabad: Hyderabad has emerged as a key destination for advanced technology and product innovation. The city has been able to attract global technology and electronics majors to set up their R&D, product development, engineering and manufacturing facilities. The goal now is to be able to generate 3 lakh jobs in next four years.

With an aim to make Hyderabad a global electronics cluster, dedicated industrial parks had been created for the sector in order to create the much needed electronics manufacturing ecosystem.

Inaugurating global chip company Intel’s design and engineering centre in Hyderabad on Monday, K T Rama Rao, Minister for IT, Industries, MA&UD, Government of Telangana emphasised, “We want to strengthen the electronics manufacturing ecosystem in Hyderabad and aim to add 3 lakh jobs in the sector in the next four years. We see leading technology companies growing their operations in the city which reflects a vibrant ecosystem and investment climate that Telangana offers.”

Telangana is planning big on electronics manufacturing. Efforts are being made to leverage the software ecosystem to create a sustainable manufacturing and R&D in the electronics space. In the last five years, the State could generate 30,000 jobs in electronics. With several electronics companies looking at Telangana as a base for electronics manufacturing, more investments will come up. Already the State has attracted investments of up to Rs 5,000 crore.

He sought Intel’s support in building the electronics ecosystem in the State as well as exploring manufacturing facilities of its own here.

Hub for investments

Chinese consumer electronics company Skyworth has on Saturday announced setting up of an industrial park in about 50 acres with an investment of Rs 700 crore. There is a growing demand for setting up manufacturing facilities in the State and that’s why he said the State government has sought Union IT Minister Ravi Shankar Prasad to consider a large electronics park.

On the competition with other IT hubs, he said, “Hyderabad wouldn’t be another Pune. We will soon outdo Bengaluru very soon. We had surpassed Bengaluru already in the office space absorption in the last two quarters. Intel has done the right thing choosing Hyderabad for its design and engineering centre. In the last five years, Hyderabad has been leading in India in attracting marquee names such as Google, Apple, Microsoft, Salesforce, Qualcomm, Micron, Uber, OnePlus, Oppo and Intel. We are not a services destination anymore, Intel recognises Hyderabad as a place that has human resource capability to engage in product design, innovation and building advanced computing capabilities in the form of Exascale Computer.”

Innovation through T-Works

Talking about T-Works, India’s first prototyping facility, the Minister said the facility will come up by April 2020 and help ensure the needed platform is created for designers, innovators, entrepreneurs and startups in electronics and hardware prototyping and mechanical designing space.

Government of Telangana intends to build a long-term relationship with Intel. The company is already supporting TASK in skilling initiatives and ‘train the trainer’ programme in the blockchain space. He said Intel which operates India Maker Lab from Bengaluru can consider partnering with T-Works post its launch.

Now you can get handpicked stories from Telangana Today on WhatsApp / Telegram everyday. Click these links to subscribe and save this number 9182563636 on your contacts.

Click to follow Telangana Today Facebook page and Twitter