CM presents Telangana as safe, strategic investment destination
HYDERABAD Chief Minister A. Revanth Reddy has invited industry leaders to invest in Telangana, describing the State as one of the country’s most strategic and
HYDERABAD Chief Minister A. Revanth Reddy has invited industry leaders to invest in Telangana, describing the State as one of the country’s most strategic and secure investment destinations. Addressing representatives of the Confederation of Indian Industry (CII) at a meeting held here on Friday, he outlined the government’s long-term vision for transforming Telangana into a global economic powerhouse and a trillion-dollar economy by 2037. The Chief Minister, while welcoming investors, assured them that the State government would provide complete support and protection for investments. He said Telangana was committed to policy continuity, regardless of political changes, emphasising that good policies introduced by the previous governments would be continued while new reforms were being implemented to accelerate growth. Highlighting the role of economic liberalisation in the country’s progress, the Chief Minister recalled that former Prime Minister P.V. Narasimha Rao, a son of Telangana, had introduced the Liberalisation, Privatisation and Globalisation (LPG) reforms that transformed the country’s economy and helped place India on the global stage.
Reviewing Telangana’s growth trajectory, he acknowledged the efforts of successive governments and noted that Chief Minister of combined Andhra Pradesh had attracted major investments and brought global figures such as Bill Gates and Bill Clinton to Hyderabad. He added that between 2004 and 2014, infrastructure projects including the international airport, Outer Ring Road and expansion of the pharma and IT sectors further strengthened Hyderabad’s position. The present government, he said, was building upon those foundations with fresh policy initiatives. The Chief Minister stated that his government had unveiled “Telangana Rising 2047” vision during a global summit, attended by representatives from 175 countries, held in Future City last December. The government’s goal was to increase Telangana’s contribution to the country’s GDP from the current 5% to 10% by 2047. Outlining a three-tier development strategy centred around Hyderabad and its surrounding regions, Mr. Revanth Reddy said CORE (inside the Outer Ring Road) with focus on the services sector, PURE (between the Outer Ring Road and the proposed Regional Ring Road) was dedicated to manufacturing industries and RARE (beyond the Regional Ring Road up to the state borders) was focused on agriculture and allied sectors.
He stated that the existing 160-km Outer Ring Road would serve a population of nearly 13 million people, while a 360-km Regional Ring Road was being developed to support industrial expansion. The government plans to create industrial clusters, provide land and infrastructure, construct radial roads and improve connectivity to ports, including a proposed 12-lane corridor linking Bharat Future City to Machilipatnam Port. Positioning Telangana as a key beneficiary of the global “China Plus One” manufacturing strategy, The Chief Minister said the State was competing with leading economies such as China, Japan and Germany in advanced manufacturing. On the major infrastructure projects in the pipeline, he the Centre had approved airports for Warangal and Adilabad and that three proposed bullet train corridors were expected to connect Hyderabad (Shamshabad) with Chennai, Pune and Bengaluru.
The BriefWire