Huge Investments in Private Sector of Ranga Reddy

     Written by : SMTV24x7 | Sun, Jan 08, 2017, 03:56 PM

Huge Investments in Private Sector of Ranga Reddy

Hyderabad, January 8: The Annual Survey of Industries released by Telangana Government on Saturday has estimated that the total capital, both fixed and working, invested in an industry in the State was Rs.90,253 crore, with the highest investment taking place in Ranga Reddy district to the tune of Rs.29,681 crore (33 percent).

There were 3,309 units with a fixed capital above 1 crore and the capital invested in them was Rs.55,636 crore.

The report, sourced to information by the Central Statistical Office of the Central government, and published by the Directorate of Economics and Statistics of the State government was released on Saturday by Finance Minister Eatala Rajender.

Increase in units

It said the number of factories increased from 10,279 in 2012-13 to 11,068 in 2013-14, the base year for a survey as Telangana State was formed within months after the year ended. The total number of workers in them was 6.29 lakh and employees 7.45 lakh.

Telangana was among the six major industrial States in the country and ranked ninth in Gross Value Added (GVA). As many as 34 percents of the industries in corporate sector generated 48 per cent of employment and 89 per cent of GVA. The highest GVA of 12,980 crores was in the pharma industry.

There were 10,555 (95 percent) units in private sector, 32 (0.29 percent) units in public sector and 481 (4.35 percent) units in the joint sector.

IT, ITES big presence

The State is home to large manufacturing units in pharma, agro-processing, cement and mineral based industries, high precision engineering, textiles, iron and steel, electrical equipment and defense. The industrial sector contributed about 25 per cent to the Gross State Domestic Product, same as all India average.

They are highly concentrated in Ranga Reddy, Medak and Nalgonda districts which together account for 80 percent of the GVA from the organized manufacturing sector.

Manufacture of tobacco products contributed the highest percentage share of both workers and employees. Manufacture of pharmaceuticals had the largest share of 20.73 percent of total fixed capital.

In 2013-14, the total input cost in the industry was Rs.1.33 lakh crore and output 1.69 lakh crore. The 6.29 lakh workers received a wage of 5.41 lakh crore and the 7.45 lakh employees were paid emoluments of Rs.9.91 lakh crore.