metro india news  I hyderabad

Telangana, Minister for IT and Industries Sridhar Babu has announced that industrial parks adhering to international standards will be established in every constituency. He stated that 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 on Tuesday 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, the Minister said that the park, spread over 862 acres, is expected to generate employment for nearly 10,000 youth. He emphasised that industrial development should not be confined to Hyderabad alone and that the government is actively encouraging industrialists to invest across various regions of the State.

"The State government remains fully committed to supporting MSMEs and has introduced a dedicated policy aimed at strengthening this sector," he said. The Minister also addressed ongoing misinformation campaigns against the government, stating that while many industrialists are 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. The event was attended by Assembly Speaker Prasad Kumar, Chevella MP Konda Vishweshwar Reddy, MLC Mahender Reddy, MLAs Rammohan Reddy and Manohar Reddy and TGIIC Chairperson Nirmala Jagga Reddy, among others.