JEDDAH — Sheikh Muzafar Hussain, a leading businessman from Hyderabad, said Muslims of Telangana state need to explore some good investment in the industry sector.

He was speaking at a welcome reception hosted by Mirza Qudrat Nawaz Baig in his honor recently. Number of investors, businessmen and leading community personalities attended the reception.

Hussain was also honored by the people of Jeddah and presented him beautiful memento of Charminar on the occasion.

In his speech, Hussain emphasized on the establishment of small scale industries, which will provide thousands of jobs to the youth. He stressed to work for the battement of youth by providing them employment. For this purpose rich and wealthy people should come forward and concentrate to established paper recycling industry, which can start at a very small budget and can employ at least 600 people in this industry.

He said, “The Telangana government has launched the Minorities Corporation especially for the minorities to enable the unemployed youth to find out about job opportunities. But unfortunately we do not have access therefore the budget has returned back.”

He advised NRIs, who are returning back to the country, to invest their money in the correct manner. They should set industries such as oil, paper-making, mineral water, or buying a bore well truck with the help of Minorities Corporation, which offers 30% subsidies. “We should benefit from this golden opportunity,” he added.

He said many items are coming from other states to Telangana state. If we make a survey of these items, we can set up industries here by getting loans and subsidies from the government.

On the question who will guide the returning NRIs, he said, “When a person takes steps to do something, then the paths appear before them and as far as guidance is concerned I can offer my services. Whenever they need any assistance I will be available for their help and guidance.”

He analyzed with great regret, that the percentage of Muslims in the industry sector is zero. He said that today millions of engineers are unemployed and are suffering from depression due to lack of employment.

Host Baig thanked all the guests and said indeed the percentage of Muslims in the industry sector is zero, therefore we need to focus on establishment of industries and get the benefit and privileges from the government. — SG