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04/11/2019 08:41am

Telangana govt to set up 14 industrial parks across 14 districts

image Telangana govt to set up 14 industrial parks across 14 districts

Hyderabad, 4 Nov (KNN) The Telangana Government has decided to set up industrial parks in rural areas across 14 districts of the state as part of industrial expansion. Proposals have also been made for the formation of Autonagar in 10 districts.

Work for the same will start soon in lands acquired by the government. Since, the government announced decentralization as part of the new industrial policy, one to five industrial units are being prepared for the district which are entirely devoted to rural areas.

The government has also directed to the industry department and the Telangana State Industrial Infrastructure Corporation (TSIIC) to plan for it. Both industry Minister KTR and Chief Minister KCR has approved the proposals for new parks.

These industrial park will be known as government give them the status of Industrial Area Local Authority (IALA). The government hopes to create employment for the locals along with the development of these districts through these parks.

As many as 300 to 1000 acres are allotted to each park and preference will be given to local entrepreneurs with a goal to employ approximately three to ten thousand people.

The government has also decided to expand Autonagar to all districts for heavy vehicle sales and repairs. In this regard, the Department of Industry has identified locations in ten districts.  It is expected that employment opportunities for young people will increase along with autonomous vehicle growth.

‘As per the Government directions, proposals are being prepared for the setting up of the Industrial Parks, and Autonagars and probably it will be launched   within a year’, said TSIIC MD Venkata Narsimhareddy. (KNN/ KS)



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