Thursday, Apr 25 2024 | Time 06:04 Hrs(IST)
image
Business EconomyPosted at: Jun 23 2020 6:08PM


Minister launches annual report of I&C Dept ; mega investment projects worth Rs 45,848 cr in pipeline

Hyderabad, Jun 23 (UNI) Telangana IT and Industries Minister K T Rama Rao has launched an annual report on Industries and Commerce Department which states mega investment projects worth Rs. 45,848 Crore and 83,000 employment potential were in the pipeline in the state across sectors such as IT, Automotive, Textiles, Electronics, Life sciences, Construction components and Food processing.,
Keeping COVID restrictions in mind, the report launch was a low-profile affair and it was held at Camp Office here attended by Principal Secretary ( ITE&C and I&C ) Jayesh Ranjan.
TS-iPass (Telangana State Industrial Project Approval and Self-Certification System), which was enacted by the Telangana government for speedy, single-point processing of applications for various clearances required to set up industries, contributed significantly in making the state first in EODB has completed 5 years in 2019, the report said.
TS-iPass has attracted cumulative investments of Rs.1,96,404 Crore so far and provided employment to about 13.90 lakh people and 75 per cent of total approved industries (9021 out of 12,021) have already commenced operations, it said.
The share of Telangana’s economy in National Gross Domestic Prodcut (GDP) has gone up by 21 basis point to 4.76 per cent in 2019-20, as against 4.55 per cent in 2018-19.
The state also recorded a per-capita income of Rs.2,28,216 compared to the national average of Rs.1,34,432 at current prices, the report said,adding that the Telangana share of Exports in India also grew from 10.61 per cent in (2018-19) to 11.58 per cent (2019-20).
Telangana has achieved an 8.2 per cent Year-Of-Year growth in Gross State Domestic Product (GSDP) at constant prices (2011-2012), and 12.6 per cent at current prices, compared to national average of 5.0 per cent YOY growth at constant prices and 7.5 per cent at current prices respectively, the report stated.
MORE UNI KNR CS 1807
Please log in to get detailed story.
Tags: #Minister launches annual report of I&C Dept ; mega investment projects worth Rs 45#848 cr in pipeline
More News

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..

REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

see more..
image