Telangana govt aims to attract Rs 70,000 cr investments in Electronics, EV sectors : Minister
Hyderabad: Telangana IT andIndustry Minister K T Rama Rao on Saturday informed the Assembly that the state government aimed to attract Rs 70,000 crore investments in the Electronics, Electric Vehicle (EV) and allied sectors by creating 3 lakhs jobs in the next four years.
Replying to questions from members in the house during the question hour, MrRao said the government has launched an exclusive Electronics Policy to cater to specific requirements of the Industry.
The state recently launched Electric Vehicle and Energy Storage Policy 2020-30 to ensure faster adoption of Electric Vehicles & Energy Storage Systems and promote manufacturing and Research and Development in the state.
The Minister said that the state has 2 Electronic Manufacturing Clusters spread over an extent of 912 acres, located right on the Outer Ring Road (ORR) and have a very close proximity to Rajiv Gandhi International Airport.
The state has further identified two new Industrial Clusters to promote Electric Vehicle and Energy Storage systems manufacturing in Divitipally and Chandanavelly.Chandanavelly, designated as EV Cluster caters to EV and related component manufacturing.Deivitipally designated as New Energy Park caters to promote Lilon Cell & Battery Manufacturing, Solar Cell and Module Assembly and other New & Renewable Energy Related Manufacturing, Mr Rao said.
He said that a team of specialists has been set up for promoting investments in Electronics to carry out outreach activities and to closely work with the Industry and further development.
Source: uniindia
