Hyderabad: Labour, Employment and Mines Minister G. Vivek Venkatswamy said the state government was working towards building a Telangana 3 trillion economy through strong partnerships with industry leaders.
He said the initiative was being implemented under the leadership of Chief Minister A. Revanth Reddy.
Vivek Venkatswamy said the government aimed to achieve the Telangana 3 trillion economy target in the coming years.
He emphasised that sustained collaboration with industries and stakeholders was essential to reach this goal.
The minister spoke at the annual meeting of the Confederation of Indian Industry (CII) held in Hyderabad on Saturday.
Governor Jishnu Dev Varma attended the event as the chief guest.
Telangana 3 trillion economy focus on skill development
Vivek Venkatswamy said the government was giving strong priority to skill development to support the Telangana 3 trillion economy vision.
He noted that the Employment Department had established Advanced Technology Centres (ATCs) across the state.
These centres provide training programmes designed to match the requirements of modern industries.
According to the minister, Telangana continues to attract significant investments from companies.
Several new industries are expected to be established in the state in the coming years.
To support this growth, the government is working to build a skilled workforce capable of meeting future industrial needs.
He added that new training programmes aligned with emerging industry demands were also being introduced.
3 trillion economy plan stresses industry responsibility
The minister said the government remained committed to improving ease of doing business in the state.
At the same time, officials were focusing on speeding up administrative processes to enable faster implementation of investments.
However, Vivek Venkatswamy said industries must also fulfil their responsibilities.
He urged companies to voluntarily comply with regulations and maintain high safety standards.
The minister asked industrial units to strictly follow safety guidelines and statutory rules issued by both the Union government and the Telangana government.
He also referred to the recently introduced labour codes.
According to him, industries must comply with these regulations to protect workers’ interests.
Vivek Venkatswamy said the cost of following safety norms was minimal compared with the risks and losses caused by negligence.
He called on industry leaders to actively partner with the government in advancing the Telangana 3 trillion economy vision while ensuring worker welfare and sustainable industrial growth.