Hyderabad, June 20: Telangana State Government is planning to invest Rs.20,000 crore to improve infrastructure in major cities like Hyderabad, Warangal and Nizamabad.
Telangana Industrial Infrastructure Corporation (TSIIC) vice-chairman and managing director E V Narasimha Reddy has attended the meeting which is organized by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) and The Associated Chambers of Commerce & Industry of India (Assocham) on Friday. He said in the meeting that “state government is planning to invest Rs.20, 000 crore to improve the infrastructure in Hyderabad, Warangal and Nizamabad”.
He added that “We are already working with three dry ports in the state as well as soon we will invite the proposals for the development of other dry ports. We are also planning to tie up with ports at Krishnapatnam and Machilipatanam to enable international trade from the state”.
Telangana industries commissioner K Manickaraj said that “the state government is strongly decided to increase the share of manufacturing sector in the state’s Gross State Domestic product and the services sector has been contributing more than 50% of the state’s GSDP. With this the state government is on the view to develop more employment opportunities mainly for semi-skilled and unskilled workers where the share of manufacturing industries will go up”.