K T Rama Rao directs officials to tap the potential for employment generation in food processing industry

The Industries Department has initiated efforts for attracting investments in food processing sector and thus, create large scale employment for youth in rural areas. IT and Industries Minister KT Rama Rao directed officials to tap the potential for employment generation in food processing industry in the wake of the government giving high priority for agriculture and irrigation projects.

The State government is aiming to renew efforts in attracting investments targeting priority sectors to generate large scale employment in the State. Due to the government’s industry-friendly initiatives, around 11,569 companies received approvals for establishing their units through TS-iPASS in the last five years and about 80 per cent of them commenced operations, providing employment to over six lakh people.

“Special emphasis should be laid on companies from textile, electronics and food processing sectors which can generate large scale employment. Officials must set targets to attract investments within a fixed time frame,” said Rama Rao, in a review meeting with the officials of IT and Industries Department on Tuesday.

The Minister pointed out that due to pro-active policies of



the State government, many major companies had established their units in the State, while several others had signed memoranda of understanding for setting up their units. Textile sector which was identified as a priority sector had witnessed large scale investments which could generate massive employment. Korean textile giant Youngone would be setting up its manufacturing unit at the country’s Mega Textile Park coming up in Warangal, while several other major companies were lined up to invest in textile sector, he said.

In continuation to his meetings with electronic industry representatives in Bengaluru, Rama Rao will be holding more meetings in other metro cities in India and abroad for attracting investments from electronics sector. While One Plus, Skyworth and other companies have already expressed commitment to set up manufacturing units in the State, the government has decided to approach manufacturing companies involved in electronics, electric automobile and batteries.

Principal Secretary for IT and Industries Jayesh Ranjan, Telangana State Industrial Infrastructure Corporation Managing Director Narsimha Reddy and other officials were present.