IT and Industries Minister KT Rama Rao asked women entrepreneurs on Wednesday to look beyond Hyderabad and across the state for the establishment of industrial units, for which the state government was willing to provide full support. This would not only decongest Hyderabad and prevent overburdening of its infrastructure, but it would also create job opportunities for local youth and reduce expenditure for the companies.
He also encouraged female entrepreneurs to explore the numerous opportunities available in rural Telangana, where the state government has a massive land bank of 10,000 acres available for food processing zones alone. He stated that one-third of this land has been earmarked for women entrepreneurs exclusively.
Addressing the gathering of women entrepreneurs at FICCI Ladies Organisation (FLO) Hyderabad Business Awards ceremony here on Wednesday, Rama Rao stated Telangana was witnessing five revolutions – green, blue, pink, white and yellow, and urged women entrepreneurs to play a key role in exploiting its full potential. “Due to the State government’s initiatives in terms of agriculture, fisheries, meat milk and palm oil production, the food processing sector is all set to take off in a big way,” he explained.
Further, the Minister stated that the union government recognised Telangana as the country’s largest player in inland fisheries. He revealed that some large multinational corporations were establishing units in Telangana to produce aqua food for export. “Tilapia fish predominently consumed in the US, will be shipped out from the Mid Manair project in Rajanna Sircilla district. Fishin, a world-renowned company in Tilapia fish exports, is investing Rs 1,000 crore in Telangana for setting up the largest freshwater export unit,” he added.
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Given the increased sheep population, he advised the female entrepreneurs to explore opportunities of processing and exporting meat to the Middle East, South East Asia, and other parts of the world.
He also stated that the Telangana government was encouraging oil palm cultivation on approximately 20 lakh acres in order to reduce reliance on other countries for palm oil imports.
According to Rama Rao, cutting-edge technologies in the IT sector are creating opportunities for intersection with other sectors, with companies such as Novartis locating their largest units in Hyderabad. He stated that the State government was ready to provide opportunities for women to explore the technology space, citing Hyderabad as a confluence point for numerous international companies from diverse sectors.
Former CEO of NITI Aayog Amitabh Kant praised the Telangana government’s efforts to encourage women entrepreneurs and build a strong startup ecosystem in Hyderabad through initiatives such as WE Hub. FLO national president Jayanti Dalmia, past president Pinky Reddy, and a number of women entrepreneurs attended the ceremony, which honoured 16 women entrepreneurs from various industries with FLO Hyderabad Business Awards.
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