Industrial Parks In Every Constituency, Says Industries Minister Sridhar Babu
The industrial parks will focus on promoting establishment of MSMEs
Hyderabad: In an effort to further industrialize Telangana, IT and Industries Minister D Sridhar Babu on Tuesday announced that industrial parks adhering to international standards would be established in every constituency.
These parks will focus on promoting the establishment of Micro, Small, and Medium Enterprises (MSMEs), with a particular emphasis on encouraging young entrepreneurs from Telangana.
Sridhar Babu laid the foundation stone for the “Mobility Valley Park” to be developed under the aegis of TGIIC at Yenkathla village in Mominpet mandal of Vikarabad district, with an investment of Rs.44.3 crore.
Speaking on the occasion, he said that the park, spread over 862 acres, was expected to generate employment for nearly 10,000 youth. He emphasized that industrial development should not be confined to Hyderabad alone and that the government was actively encouraging industrialists to invest across various regions of the State.
The government remains fully committed to supporting MSMEs and has introduced a dedicated policy aimed at strengthening this sector. Sridhar Babu also addressed ongoing misinformation campaigns against the government, stating that while many industrialists were showing interest in investing in Telangana, some vested interests are deliberately spreading false propaganda. He urged such elements to refrain from obstructing the State’s progress.
