Telangana hopes to dig up Rs 4,800 cr revenue from mining sector this FY
The Times of India , Jul 05, 2016
The Telangana government is eyeing revenues of Rs 4,800 crore from mining activities this fiscal as compared to Rs 2,770 crore last fiscal, said Telangana minister of IT, industries and municipal administration and urban development KT Rama Rao while addressing the FICCI National Executive Committee meeting held in Hyderabad on Monday.
"Even though we are a new state, we have made rapid strides and progress. Among the five southern Indian states, we are the state with the highest mining income today. Last year our revenues from mining were Rs 2,770 crore and this year we have set a higher target of Rs 4,800 crore. While we encourage mining ... the industry has to ensure that mining also has to be in consonance with nature," Rao said while addressing a query on the mining sector during the meeting.
Apprising the FICCI members about the power situation in the state, the minister pointed out that over the next two years Telangana aims to be a power surplus state with an installed capacity of 24,000 MW, of which 10% will be from renewable energy (primarily solar).
He added that the government has, over the last two years, worked towards improving the efficiency of power plants within the state. The PLF (plant load factor) of the power plants that used to be around 60% has gone up to 90% in the last two years, he added.
On the state's industrial policy - TS-iPass - he said that in the last 12 months, 2300 entities have been granted clearances, of which 50% have started commercial production.
"We have been able to create 1,30,000 new jobs and attract Rs 50,000 crore investment into the state ever since the policy was launched," Rao said.
Meanwhile, hailing the pro-industry stance of the state government, FICCI national president Harshavardhan Neotia said that FICCI is keen on setting up a 'green hub' to promote green technologies and a centre of excellence for the pharma sector in the upcoming pharma city in the state. Both these proposals are at the concept stage, Neotia said.