Telangana Investment Proposals

On a surprising note, as per the data released by Ministry of Commerce and Industry, it is revealed that the Telangana state stood at the third position across India for receiving the industrial proposals of worth Rs. 7268 crores from 43 units by the end of March 2017.

The latest data has the acceptance from the central government with Industrial Entrepreneurs Memorandum (IEM) filed and Letters of Intent (LoI)/ Direct Industrial Licenses (DILs) issued by the government

Unemployment rate in Andhra Pradesh Rocketed with 9,29,566 jobless youth

While Gujarat stands in the first place with Rs 31,367 crore from 98 units and AP stood in the 6th position with as many as Rs 2,223 crore in the form of the investment proposals from 33 units.

In a statement released by the Centre’s Department of Industrial Policy and Promotion (DIPP), it has stated that both Andhra Pradesh and Telangana are performing better by attracting the investors.

After the state bifurcation happened in 2014, the Andhra Pradesh has dominated and took the lead by standing in the first position in all investments during 2015 t0 2016. The data also declared that in 2015, AP got investments worth Rs. 21,300 crores from as many as 135 units, whereas Telangana got just Rs. 10,209 crores from 145 units.

Telangana CM K Chandrasekhar Rao Nod to Hiring 13k Staff, 10k Promotions

The same thing happened in 2016 also. AP got Rs. 34,464 from 164 units and TS got Rs. 22,146 crore in the form of investments from 139 units. But Telangana has beaten Andhra Pradesh in this 2017. The industry officials in Telangana have opined that because of the industrial meets that happened with global investors twice in Vizag, may be the reason for those investments last year.

Addressing the gathering, Industries Minister KT Rama Rao shared that the Telangana investments have increased after they have launched the TS-iPASS. It happened in 2015. It is to provide approvals without any long procedure within just 15 days of time. The investments have doubled from Rs 10,209 crore in 2015 to Rs 22,146 crore in 2016. We have increased our investments thrice by March 2017 than AP.”

For more News & Updates Follow Techfactslive