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.
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.
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.
As part of the Hy-Fi project launched by the Govt. of Telangana, Minister @KTRTRS participated in the commemoration of 3000+ public Wi-Fi hotspots in Hyderabad in collaboration with @ACTFibernet. #DigitalTelangana
Ministers @KTRTRS and @SabithaindraTRS inaugurated the Premier Energies state-of-the-art facility at E-City in Hyderabad. Premier Energies Founder & Chairman Surender Pal Singh, MLC Vani Devi, Prl Secy @jayesh_ranjan, @tsiic_vcmd Narasimha Reddy participated.
Minister @KTRTRS laid the foundation stone for Gokaldas Images Apparel Factory at Sircilla Apparel Park. Gokaldas Images Managing Director Sumir Hinduja, Handlooms & Textiles Director Shailaja Ramaiyer, and @tsiic_vcmd Narasimha Reddy were also present.
In the presence of Shri K. T. Rama Rao @KTRTRS we are excited to open our new office in Hyderabad, India. The office will serve as an innovation hub for a wide range of businesses and is a testament to our commitment to the market.
Happy to announce the launch of Pink Book-2021, an investors guide to Telangana. Pink Book gives a 360° view of Telangana from investors’ perspective and is a step forward towards improving EoDB.
-A comprehensive document that lists out sectoral policies of the State, important governmental contact details & a complete guide for Investors.
Industries Minister K.T. Rama Rao released the PINK BOOK- An Investor Guide to Telangana at Pragathi Bhavan. Also present at the launch were Minister for Tourism & Culture V Srinivas Goud, Principal Secretary ITE&C, I&C Jayesh Ranjan, Director Electronics, EV & ESS, Sujai Karampuri and other officials from the Electronics wing.
“Telangana has always aimed to feature amongst the best states in India in Ease of doing business (EoDB), Pink book is a comprehensive document that lists out sectoral policies of the state and also lists out important governmental contact details. I’m sure it will help the investors take an informed decision on their future investment plans and also enhance Ease of Doing Business in state.”
– Hon’ble Minister KT Rama Rao
The investor guide 2021 gives an overall view of the opportunities Telangana offers to investors and also sheds light on the amenities and infrastructure in the State. The book also lists out the activities undertaken by important departments.
” It is not just the incentives offered by states that the investors look out for, but also the convenience of operations and factors like continuous power supply, access to resources and talent pool that play a bigger role. EoDB can only improve when procedures are streamlined and made convenient. Towards this, the Pink Book would equip investors with the information they need about the state. We will keep updating this document every year.”