Telangana govt has created 5 lakh jobs in two years: KTR

The state has attracted 2,929 industries with Rs 49,463 crore investments since its formation, providing jobs to 1.95 lakh directly and 3 lakh indirectly.

Industries minister K.T. Rama Rao told the Assembly on Monday that out of 2,929 industries approved, 1,138 had commenced commercial operations, 405 were in advanced stage of completion and the rest were under various stages of construction.

10pt;">Nearly half the investments were in the power sector, the government said during a debate on the TS industrial policy (TS-iPASS).“About 880 industries are yet to commence operations. They were given approvals two-three months ago and work is expected to be started soon,” he said.

He said the government had taken back 764 acres from 205 industries which were allotted by previous governments and were lying unused. “Brahmani Infratech and Indu Projects were given 250 acres each on city outskirts by the Congress government," he said.