It is estimated that around Rs. 300 Crore, can be invested by investors all over the world, in Medak District. The TS Government has identified about 170 acers of land in Nawabpet village of Shivampet of Medak District. The land bank is set to become a Industrial hub. The Telangana State Industrial Infrastructure Corporation is setting up a Foundry Cluster Park.
Apart from this the district administration has identified over 12365 acres of land in 17 villages of Medak District for Industrial development. Immediately after the Assembly Session, Members of Bhagyanagar Foundries Association will come up with a plan for the setting up of Foundry Cluster Park. The Park is supposed to have around 50 units.
There seem to be unlimited opportunities in Medak District. A Pharma City, beyond the Outer Ring Road, is planned in about 5000 acres of land. The Internal infrastructure plan has already been finalized for the Pharma City.
The CM has made this plan an attractive deal for Investors, by announcing about 10% of water from the upcoming Water Grid dedicated for Industrial Purpose.
Unlike Rs 10-15 Crore, TS Government is committed to release about Rs 100 Crore under IIDF for the development of this prestigious project.