HYDERABAD: Addressing the issue of rising unemployment in Telangana, Chief Minister A. Revanth Reddy announced on Wednesday that the state government plans to fill an additional 35,000 vacancies within the next two to three months. He also pledged to increase the state budget from ₹3 lakh crore to ₹7 lakh crore over the next four years.
Revanth recalled that his administration had issued appointment orders to 30,000 individuals within just three months of taking office. He acknowledged the significant rise in unemployment over the last decade, emphasizing how youth had been deprived of job opportunities during this period.
The chief minister made these remarks at the launch of a Banking, Finance Services, and Insurance (BFSI) skill training program in Hyderabad. The program aims to equip job seekers with industry-specific skills. Revanth highlighted that even after filling two lakh government positions, unemployment would remain a challenge, which is why the government has prioritized skill development initiatives.
“Approximately three lakh students graduate every year in Telangana, but many struggle to find jobs due to a mismatch between their skills and industry needs,” Revanth said. He explained that the government had collaborated with the BFSI sector to design skill development programs to address this gap. Students will receive training before graduating, enabling them to secure jobs in banking, financial services, and insurance sectors.
The chief minister also discussed plans to upgrade all 65 Industrial Training Institutes (ITIs) in collaboration with Tata Technologies, transforming them into Advanced Technology Centres (ATCs) within the next two years. He warned that engineering colleges failing to meet minimum educational standards could face revocation of their licenses.
Revanth further emphasized the government's goal to make Hyderabad a global hub for education and skill development. He announced plans to establish a Sports University and Sports Academy by next year, positioning Telangana as a role model for the nation in education and skills development.
The chief minister also expressed concern about the increasing consumption of drugs among students, attributing it to the lack of employment opportunities in the state over the last decade. He pointed out that even engineering graduates had been arrested for drug-related offenses recently, signaling the need for greater intervention.