The State of Telangana is home to large manufacturing industries in bulk drugs, pharmaceuticals, agro-processing, cement & mineral-based industries, high precision engineering, textiles, leather, iron & steel, gems & jewelry, biotechnology, defence etc. The State is one among the major industrial states in the Country ranked 6th in terms of industries and ranked 8th in terms of Gross Value Added from industries.The telangana state Government is promoting industrial incentive policy to create quality infrastructure coupled with congenial industrial environment to make Telangana an attractive investment destination for both foreign and domestic investors, with special emphasis on creating an enabling eco-system for women entrepreneurs and for those from the Scheduled Castes (SC) and Scheduled Tribes (ST).
Growth of Industry, Pharma and IT Sector
The growth of industrial sector in Telangana has been very impressive. During the year 2014-15(Advanced Estimate), the growth of industries surged to 4.1 percent from 0.13 percent of 2013-14 at constant (2004-05) prices due to the incentives being offered under the new Government’s Industrial Policy Framework, 2014.
During the decade 2004-05 to 2014-15 the State registered an average growth rate 7.8 % at constant prices (2004-05). However, the growth path of the State exhibited greater fluctuations than that of all other India states. Comparatively Manufacturing sector growth of the across districts clearly indicates that seven districts other than Medak, Rangareddy and Hyderabad require specific strategies and policy interventions. The growth rate of the industries in sub-sectors indicates a fall in the unregistered industrial companies by the micro and small enterprises, electricity, gas & water supply, and construction.
0 comments:
Post a Comment