The newly formed Telangana state seems to be turning into a major destination for attracting investments for rapid industrialization. The availability of international standard infrastructure, besides presence of large scale lands around Hyderabad city turning to be a major boon to attract investments all over the globe.
The officers in the industries department are confident that if the new government pushed pro-active initiatives in this regard, it would be one of the prime destinations for investors in the southern parts of the country. When compare to residuary state of Andhra Pradesh, consisting with 13 districts, Telangana is found to be best suitable place for promoting all type of industrial activity.
A senior officer said that right from IT enabled industries; the region is suited for any type of industry. As already a large number of key industries are existed in the state, they would be formed as a base for the growth of new industries.
It is beyond doubt that due to absence of governance during last couple of years the industrial growth had witnessed negative trends primarily due to mass agitations seeking bifurcation of the state. However with the resolution of bifurcation issue, formation of a stable government in the new state, industrial circles are expecting hope that if the new government succeeded in creating investor-friendly environment that would push for rapid industrial activity.
Hyderabad is seen as an advantageous destination by most of investors in the country. The corporate space rents are considered to be low when compared to most of other metros in the country, besides large number of highly skilled manpower is available at a competitive price. While the outer-ring road provides easy access and connectivity to many destinations in the country, the international airport connects with almost all nook and corners of the globe.
Presently, in Hyderabad alone there are 18,600 major and MSME untis and the neighboring Ranga Reddy district is having 33,225 such units. These units followed by 10,156 in Nalgonda and 8,343 in Medak districts. Only Adilabad district is having lowest number of industrial units in Telangana.
The availability of all types of mineral resources in the new state is likely to be a major attracting for attracting investments almost all types of industries. Mostly, Ranga Reddy and Medak districts, which are close to Hyderabad city, are having all necessary infrastructural facilities for rapid growth of industries.
