In the eight and a half years since it was formed in 2014, Indias youngest state of has bagged investments worth Rs 3.3 lakh crore (approx. $40 billion) through TSiPASS as well as in the IT&ITeS sector, Telangana Industries minister KT Rama Rao said.
These new investments have led to the creation of over 22.5 lakh new jobs since 2014, KTR said while expressing happiness that this EMPLOYMENT generation feat had helped Hyderabad overtake other cities that were in leading position in terms of providing job opportunities.
Elaborating on the reasons for investments, the Telangana IT & industries minister said the Telangana government had identified 14 priority sectors with one dedicated director being appointed for each of these priority sectors.