Tag Archives: IT

KTR promises Tripartite Welfare Board for gig workers in Telangana

KTR promises Tripartite Welfare Board for gig workers in Telangana

Hyderabad: Stating that Hyderabad was Telangana’s economic engine, BRS working president KT Rama Rao on Monday promised to set up a Tripartite Welfare Board for the three lakh gig workers working in the State soon after returning to power on December 3.

The welfare board would include companies, the State government, and the gig workers. It would have a legal cell and if any company violated the contract, a gig worker could approach the legal cell that would be equipped with a team of lawyers from the government to initiate legal action, he said.

The BRS working president had an informal interaction with gig workers here and assured them all support from the State government for their welfare. A meeting would be convened in January with the companies to ensure that health insurance, provident funds, and ESI were provided for gig workers as it would ensure job security for them, he said.

“This apart, measures will be taken to discuss initiating a base salary model for gig workers, besides the payments they receive per delivery. It is the government’s responsibility to ensure your welfare,” Rama Rao told them.

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Stressing that Hyderabad was like a mother, who takes care of all the people coming from different cities and States for employment and livelihood, he said Hyderabad was Telangana’s economic engine. Briefing them about the progress in the IT, Industries, and life sciences sectors in Hyderabad, the BRS working president stated during 2014, there were 3.23 lakh IT jobs with the numbers rising to nearly 10 lakh jobs in 2023. One IT job would create four indirect jobs in the service sector, he said.

During the interaction, a few workers explained how a few companies had removed incentives and had not increased fare prices. Responding positively to them, the BRS working president said that these companies operated not only in Telangana but also in other States and countries.

“A detailed meeting will be conducted with the companies to discuss all these issues and come up with positive solutions,” Rama Rao assured.

When a gig worker asked as to why the State government could not launch an app that would help deliver food ordering, cab booking, and other online services, he said there was one such app being operated in Kerala.

“We will study the app and its operations and explore all possibilities of replicating it in Telangana,” Rama Rao said.

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Telangana attracts Rs. 2800 crore investment from Kaynes Technology for compound semiconductor unit

Telangana is emerging as a preferred destination for electronics manufacturing units, with Kaynes Technology setting up its OSAT and compound semiconductor manufacturing facility in the state with an investment of Rs. 2800 crore.

The unit, which will generate employment for 2000 people, will come up at Kongara Kalan, which is also housing Foxconn and Corning units.

Industries Minister KT Rama Rao welcomed Kaynes Technology for setting up the facility in Telangana, saying that it was a proud moment for the state to join the league of coveted global destinations that host the semiconductor industry.

The Kaynes unit would be set up in 40 acres and the management was very aggressive in its plans. Going by their speed, the unit would commence its operations in 12 to 18 months, an official associated with the development said.

Implications

The establishment of Kaynes Technology’s compound semiconductor unit in Telangana is a significant development for the state’s electronics manufacturing sector. Compound semiconductors are used in a wide range of applications, including 5G, artificial intelligence, and electric vehicles. The new unit will help to position Telangana as a leading hub for the development and manufacturing of these cutting-edge technologies.

The investment by Kaynes Technology is also a testament to the state’s favorable business environment and its commitment to promoting electronics manufacturing. Telangana has been at the forefront of attracting investments in the electronics sector, and the new unit is expected to create thousands of jobs and generate significant economic activity.