The State still has a long way to go for realising the investments assured by prospective investors in major sectors.
As against the 6,617 new investment proposals received since the TS-iPASS (Telangana State Industrial Project Approval and Self Certification System) Act had been enacted, the 3,551 units involving an investment of ₹32,558 crore and promising employment to 1.58 lakh had been grounded. Close to 480 units with proposed investment of ₹12,496 crore and employment potential of 79,425 are in advanced stages of completion.
However, 1,570 units proposed with an investment of ₹43,664 crore and employment potential of 1.21 lakh are yet to be grounded. Another 517 units with proposed investment to the tune of ₹29,324 crore and employment potential of 83,999 are in the initial stages of inception as on January 25.
A major chunk of the proposed investments, amounting to ₹56,202 crore through 13 units are in the thermal power plants which are considered as long gestation projects.
These plants are expected to provide employment to 13,022 people while 168 solar and other renewable energy projects, with an estimated investment of ₹15,503 crore, are expected to provide 5,309 jobs, according to the socio-economic outlook - 2018.
Real estate along with industrial parks and IT buildings has been projected as the largest employment generator, the investments proposed are much lesser when compared with the energy sector though. In all, proposals were received from 52 projects under real estate, industrial parks and IT buildings involving an investment of ₹ 9,994 crore and assuring employment to 1.63 lakh, constituting more than 30 % of the total 4.42 lakh jobs likely to be created in the coming days. The State continues to be a favoured destination for pharmaceuticals and chemicals, the companies which contribute major chunk of industrial units, with 456 units involving an investment of ₹ 6,667 crore and job potential of 41,774, according to the Socio Economic Outlook. Food Processing industry too is picking up momentum if the signing of proposals for 911 units with an investment of ₹3,645 crore and scope for employment for 63,766 is any indication.
