The Telangana State Government has so far given approvals to 3,451 companies with an investment of Rs.58,341 crore and employment potential of 2.20 lakh.
Out of these companies, 1097 units have already commenced production providing employment to 43,075 persons. Notable among these companies are M/s Boeing, ITC, Tata Sikorsky, HSIL, Toshiba and Micromax, according to the Finance Minister Etela Rajender.
Due to the proactive and investor-friendly policies of the Government, world renowned IT companies are also establishing their units in Hyderabad.. Telangana accounts fior 12 per cent of IT exports and stands at second place in the country. Last year, IT exports from the State amounted to Rs.75,070 crore. IT companies in the State are providing employment to nearly four lakh people.(NSS)