Telangana Emerges As an Industry-friendly State

Telangana Emerges As An Industry-friendly State

Thanks to the implementation of the TS-iPass (Telangana State-Industrial Project Approval and Self-Certification System) and a host of other business-friendly policies, there has been a three-fold jump in the number of industrial units in the state.  

Over 15,00 Industries Approved in Six Years 

As per government data, over the last six years, approvals have been issued for the establishment of 15,326 industries in the state with a commitment of investing Rs 2.13 lakh crore that would generate employment opportunities to 15.52 lakh employees both directly and indirectly. 

So far, 11, 954 industries have already commenced their operations with an investment of around Rs 97,405 crores. This has generated nearly Rs 7.67 lakh jobs — which is far greater than the  
4 lakh jobs created by the previous government.  

Top Sectors: Power, Real Estate and IT 

Thermal power sector has attracted the largest number of investments, followed by real estate, industrial park and IT buildings. The last three sectors have also generated the largest number of jobs in Telangana. Top districts include Medchal-Malkajgiri in terms of number of units and Ranga Reddy in terms of investment commitment and job generation.   

For more news and information on real estate and Telangana government’s policy, log in to Property Adviser

By: Ratnabir