Telangana Govt Clears Rs 2,200 Cr Industrial Investments, Creating 7,000 Jobs

The Congress government has laid special focus on expediting approvals for industries. Chief Minister A Revanth Reddy and IT, industries minister D. Sridhar Babu have issued strict instructions to Telangana Industrial and Infrastructure Development Corporation (TGIIC) to expedite approvals pertaining to land allotments.
TGIIC has received 140 applications during the election code period from March to June, source said.

The TGIIC scrutinised the applications and cleared 113 applications for land allotments. It allotted land to these companies soon after election code ended on June 6.
The companies which got land allotment approvals included France's Mane Group, Hong Kong's APC, Malabar Gold.

Of this total land allotments which were made, 70 per cent pertain to MSMEs (micro, small and medium enterprises). The Congress government has taken a policy decision to encourage MSMEs in the state which provide large scale employment to local youth.

The state government has decided to set up new world-class MSME clusters in the state to encourage investors and entrepreneurs.

The Congress government attracted investments worth Rs 50,000 crore to Telangana since it came to power in December 2023.

Of this, Rs 40,000 crore investments were attracted during World Economic Forum summit in Davos in January this year, which was attended by Revanth Reddy and industries minister Sridhar Babu.

The TGIIC is creating a land bank with all infrastructure facilities to make it easy for industries to set up operations soon after approvals are granted.