Hyderabad, Jan 04: The Telangana Chief Minister K Chandrashekar Rao will lay the foundation stone for Micro Small and Medium Enterprise (MSME) Green Industrial Park at Dandu Malkapur village in Yadadri district in February. The objective of the park is to encourage MSME along with other major industries.
According to Industrial Department officials, the Telangana State Industrial Infrastructure Corporation (TSIIC) had acquired 377 acres for the park. The Telangana Industrialists Federation (TIF) had earlier approached the State government for the establishment of the green park.
The official said that for the first phase, all the environment clearances were granted, and the administrative approvals are in the final stage.
Speaking to media, TIF president Kondaveeti Sudheer Reddy said, "we have already identified 400 units to set up at the green park and with these units, we would provide direct employment to 20,000 local youth." The TIF members would invest Rs 1,200 crore for the establishment of 400 units.
The green industrial park will be jointly developed by TSIIC and TIF.