Hyderabad: The Telangana state industrial sector has received a major boost in the form of the Union commerce ministry approving two industrial corridors along two major highways in the state.
The ministry gave in-principle approval to proposals submitted by the TS government on setting up industrial corridors along Hyderabad-Warangal and Hyderabad-Nagpur highways.
The TS government submitted detailed project reports for the two corridors to the Centre last year. The government received a communication from the ministry granting in-principle approval.
With this, the TS government is just a step away from securing a final approval from the union Cabinet. Chief Minister K Chandrasekhar Rao had proposed the two major industrial corridors with the aim of holistic development of the state.
The proposed corridors will accommodate oil refining, textiles, handlooms, handicrafts, paper units, mining, engineering, livestock, agro-based industries, poultry and other small and medium enterprises.
These segments have potential to generate self-employment and job opportunities to lakhs of people. The added advantage for both these corridors is the presence of several professional colleges and other educational institutions churning out qualified manpower.
The industries department had been relentlessly pursuing the issue with the commerce ministry. The state government has also sought a dry port and railway facility for speedy transportation of industrial production.
The government hopes to give a boost to economic activity in Ranga Reddy, Nizamabad, Nalgonda, Warangal, Medak and Adilabad districts with these two industrial corridors.
