The maiden budget of Telangana will help in creating more jobs and also provides clarity on priorities for the new state, according to industry.
At the same time, the industry bodies had also sought immediate measures to address the power shortage in the state.
``The budget has spelt out the priorities of the New Government with a long term perspective. The initiatives such as creating market intervention fund and making Telangana as a seed bowl of the country is a welcome step,’’ Vanitha Datla, Chairperson, Confederation of Indian Industry – Telangana said in a statement issued here on Wednesday.
Allocation of Rs 90 crore for Information Technology Investment Region (ITIR) would help the further growth of IT sector in Hyderabad and create more employment opportunities.
The shortage of skilled human resources for the industry could be addressed by the initiative to connect the research institutes, academia and industry around Hyderabad, she said.
POWER
On measures taken by the Government to address power shortage by promoting solar pumpsets, etc. Datla said it would be important to take immediate measures to meet the increasing demand.
Shiv Kumar Rungta, President, Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci), the joint industry body for Telangana and Andhra Pradesh said it was `disappointed’ on meager allocation of power sector.
``The existing power scenario in the State warrants larger allocation for power sector. This budget does not provide any for development of infrastructure in the power sector,’’ he said.
Though government had stated that 20,000 MW power generation capacities will be added in next five years, there is no mention of how it can be attained. This is highly ambitious and a road map is required for achieving this, he added.
While appreciating major thrust on agriculture in the budget, Fapcci felt it was important to give prominence to the industry to create more employment opportunities, which was missing in the budget.