KITEX Groups Rs 2400 crores investment in Telangana

The Government of Telangana and Kitex Group entered into an MoU in the presence of Ministers Sri KTR, Sri Errabelli Dayakar Rao and Smt Sabitha Indra Reddy in Hyderabad today. Principal Secretary Jayesh Ranjan and Kitex Group MD Sabu Jacob signed the MoU respectively.
As per the MoU signed, Kitex Group will invest about Rs 2400 Crore in Telangana and will set up Integrated Fibre to Apparel Manufacturing Clusters at Kakatiya Mega Textile Park in Warangal and also at Sitarampur in Rangareddy District.

The investment will create direct employment for about 22000 people while over 18,000 people in the region will get indirect employment, with women being given top priority.

Launch of 2nd ICT policy

IT and Industries Minister KT Rama Rao on Thursday launched the second IT Policy.

Telangana launched its first IT policy in 2016 after the State came into being in 2014. The first policy has done exceedingly well and largely stands excluding disruptions happened in the last 18 months due to Covid-19 pandemic.

The new IT policy will focus on digital empowerment of citizens, innovation and entrepreneurship, and taking innovation ecosystem to global levels. Technology for social good will be the focus area, with distributed development as the mantra for taking IT to tier 2 and 3 cities.

Telangana is the hub of emerging technologies and the T-Fibre, the fibre optic network in the State, is not matched by any other State. Telangana is among the pioneers to use technology and ‘Medicine from the Sky’ project launched last week is an example of that.

Hyderabad offers scope for adopting digital technologies for enhancing the quality of life. The government departments will be the drivers of technology use.

Source: Telangana Today

An event organised to mark the delivery of 150th C-130J Super Hercules empennage from the Hyderabad manufacturing facility of Tata Lockheed Martin Aerostructures Ltd

Industries Minister K. T. Rama Rao said the state government was planning to establish a Drone Testing Corridor soon to support the booming drone industry.

Rao was addressing an event organised to mark the delivery of 150th C-130J Super Hercules empennage from the Hyderabad manufacturing facility of Tata Lockheed Martin Aerostructures Ltd (TLMAL) on Wednesday.

The TLMAL, a joint venture of Tata Advanced Systems Limited (TASL) and Lockheed Martin Aeronautics, was established in 2010 in alignment with the Indian Air Force’s acquisition of its first six C-130J 30 Super Hercules airlifters.

Rao said the two joint ventures by TASL and Lockheed Martin Aeronautics, in Hyderabad employed more than 1,000 people and invested more than 100 million dollars. “It is an honour that Hyderabad has been home for C-130J flights. More than 85 per cent of C-130J are currently being manufactured in Hyderabad. More than 300 suppliers, vendors and partners are growing under Make in India programme,” he added.

Rao said Telangana was emerging as an aero-engine cluster, with numerous foreign and domestic industry majors setting up their units in Hyderabad. “Telangana was the first state in India to come up with its own drone policy and had become the first state to deliver life-saving drugs and vaccines to remote parts of the state through its unique project ‘Medicine from the Sky’ (MFS) recently,” Rama Rao said.

Hyderabad also had a significant space sector cluster as part of ISRO programmes as over 30 percent of components of Mars Orbiter Mission were manufactured by Hyderabad-based companies, he noted.

Rama Rao said the aerospace and defence sector was witnessing a steady and unprecedented growth in Telangana over the last five years. He stated that Telangana had been able to secure mega investments from leading foreign and domestic aerospace majors, through its progressive policies, world-class infrastructure, proactive skilling initiatives and focus on innovation.

He stated that the Telangana government’s focus area was innovation in the aerospace and defence sector adding that the state government had been in discussion with DRDO and several other labs. Rao urged the industry to work closely with the state government in order to partner and come up with a strong defence/aerospace incubator that would focus on start-ups.

Source: Deccan Chronicle