Hyderabad: The State Government said that it has a fixed target to provide 3 lakh jobs in the electronics manufacturing sector of Telangana during the next four years.
State IT and industries minister K T Rama Rao (KTR) made this revelation while replying to questions raised by MLAs on the incentives being given to the electronics manufacturing sector during question hour in the ongoing budget session of Assembly.
Speaking on the occasion, KTR said that over 250 companies from the electronics manufacturing sector were providing jobs to 1.6 lakh people in the state. The IT minister added that the state government has made the electronics manufacturing and research and development as its priority sector.
He also said that the state had also launched a special electronics policy to meet the specific requirements of the industry .
“The state government has also started fuel reserve policy to develop R&D capabilities and fuels reserve systems from the year 2020 to 2030. The state has two electronics clusters spread across 912 acres of land outside ORR project,” stated KTR, adding that they have chalked out plans to attract Rs. 75,000 crore worth investments during the next four years in the state.
KTR also said that the state government has set up a task force for the development of the electronics manufacturing sector, which will help provide job opportunities to local youth in all electronic vehicle manufacturing companies.
“The state received Rs 23,000 crore investments during the last six years. It had only 50000 jobs in the sector before its formation and jobs have gone up by 1 lakh after its formation,”He said that the state government would give incentives to the sector.