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New Indian Express
11-06-2025
- Business
- New Indian Express
Two UAE-based firms to invest Rs 2,125 crore in Telangana
HYDERABAD: UAE-based firms Shaiva Group and Taranis Capital have committed to investing Rs 2,125 crore in Telangana. The two companies signed memoranda of understanding (MoUs) with five Telangana-based firms in the presence of IT and Industries Minister D Sridhar Babu at the Secretariat on Tuesday. Appreciating the investment, Sridhar Babu said: 'We welcome Shaiva Group and Taranis Capital, two UAE-based investors who have chosen to become partners in Telangana's development. This collaboration is expected to create jobs for 5,020 people in the state.' He said the development reflected the government's efforts under Chief Minister A Revanth Reddy to attract investment and generate employment opportunities for the state's youth. The minister pointed out that the Congress regime had filled over 60,000 posts in the government sector and attracted investment worth over Rs 3 lakh crore in the last 18 months, which, he said, led to the creation of more than one lakh private sector jobs. Sridhar Babu added that the two UAE firms had expressed interest in investing an additional Rs 24,000 crore over the next three years in areas such as biotechnology, artificial intelligence, data centres, defence, energy, fintech and public infrastructure. In biotechnology, the focus would be on reducing sugar in consumables, anti-diabetic innovations, food management products and large-scale projects like 'Fourth City' and 'AI City'.
Hans India
03-06-2025
- Business
- Hans India
Telangana will be a $3 trn economy by 2047: Revanth
Hyderabad: Chief Minister A Revanth Reddy has asserted that Telangana will be playing a pivotal role in the nation's economic growth, considering that the state is now in a mission mode to become a $ 3 trillion economy by 2047. As part of the Telangana Formation Day celebrations on Monday, Revanth Reddy hoisted the tricolour at the Parade Grounds, after paying tributes to Telangana martyrs. Addressing the gathering later, he reiteratad Telangana Raising – 2047 action plan and said that the State government was not only promoting the State as one that would become a $1 trillion economy over the next 10 years, but also as one that would become a $3 trillion economy by 2047. 'Telangana Raising is regarded as the main instrument to achieve robust growth. The government has formulated plans to develop Telangana as the number one developed state in the country as well as in the entire world,' he said, while exhorting everyone's contribution to him in delivering transparent administration and ensuring comprehensive development of the state. The Chief Minister recalled how Telanganites had struggled for decades to achieve statehood for the larger purpose of attaining emancipation, freedom, and equal opportunities. However, their aspirations remained unfulfilled despite the lapse of 10 years after the formation of Telangana state. 'Vexed Telangana people dethroned the dictatorial rule and gave a big mandate to the progressive People's government,' he said in a veiled reference to the previous BRS regime. Revanth Reddy underscored the role of women and said that the state government already unveiled plans to make one crore women as millionaires and introduced the Indira Mahila Shakti scheme for the economic empowerment of the women community. He said for generating employment opportunities for youth, the Young India Skills University was established for development of skills among the youth and added that a Sports University would be opened soon to train youth as talented sportspersons could win Olympic medals. Revanth Reddy said that the government had formulated plans to develop Future City in over 30,000 acres with state- of-the-art facilities. AI City, Pharma City, Sports City, Life Sciences and Health City were also being developed, he added. The Future City Development Authority had been constituted to take up such big projects. On housing to the poor, the Chief Minister outlined the government's initiatives and said that the government was extending the Rs 5 lakh scheme benefit to beneficiaries under the Indiramma Housing scheme. 'The government is heading fast to construct 4.50 lakh Indiramma Houses with an outlay of Rs 22,500 crore. Rs one lakh scheme benefit had been disbursed to beneficiaries based on the status of the house construction. Rs 53.64 crore had been deposited in 5,364 beneficiaries' bank accounts until May 20 this year,' he mentioned. Revanth Reddy said that the government was moving fast to promote the youngest state of Telangana as the best destination for global investments. 'We have achieved a remarkable milestone in attracting investments from global giant companies during my Davos, Singapore and Japan visits. State government inked agreements with various companies for more than Rs 3 lakh crore investments. IT giants like Google, Microsoft, Cognizant and HCL are already expanding their operations in Hyderabad. This could be the first stepping stone under the Telangana Raising,' he added. On the occasion, the Chief Minister presented cash awards of Rs 1 crore each to nine eminent personalities for their contributions to the Telangana movement. Amongst the recipients include balladeer Gaddar, poet-singer Guda Anjaiah, and revolutionary poet Bandi Yadagiri. Their family members received the award posthumously. Among other recipients were artistes Ande Sri, Suddala Ashok Teja, Jayaraj, Ekka Yadagiri Rao and Pasham Yadagiri (senior journalist). Noted poet and singer Goreti Venkanna, was represented by his daughter at the ceremony, as he is currently on a foreign tour. The Kaloji Award was given to poet Nalimela Bhaskar for his contributions to literature.
India Today
02-06-2025
- Business
- India Today
Revanth Reddy sets 2047 goal for Telangana to reach USD 3 trillion economy
On the occasion of Telangana Formation Day, Chief Minister A Revanth Reddy announced that the state is aiming to become a United States Dollar (USD) 3 trillion economy by the year 2047, aligning with India's national goal of reaching a USD 30 trillion at the celebrations, Reddy stated that Telangana aspires to contribute 10 percent to the national Gross National Product (GDP) by 2047. He introduced the 'Telangana Rising 2047' policy document, which outlines a strategic roadmap for growth in key sectors such as energy, tourism, industries, investments, and to the Chief Minister, the state's goal is to achieve a USD 1 trillion economy in the next 10 years, and then expand to USD 3 trillion by 2047. Telangana holds 2.5% of India's population and contributes 5% to the national GDP, a figure the state aims to double in the coming decades. Reddy called on professionals across fields including doctors, engineers, bureaucrats, and business leaders to support the state's part of urban development plans, he announced efforts to elevate Hyderabad to global standards. Projects include the revival of the Musi river and the transformation of Bapu Ghat into an international-level memorial named 'Gandhi Sarovar'.The Chief Minister also unveiled plans for a massive urban development project called Bharat Future City, to be built near the Rajiv Gandhi International Airport. Spanning 30,000 acres, the city will host specialised hubs such as AI City, Sports City, Life Sciences, Health City, and Pharma City. A dedicated Future City Development Authority has been established to oversee the also criticised the previous administration, claiming that the aspirations of the people were not fulfilled after Telangana's formation in 2014. He said the current government, in office since December 2023, is focused on correcting past mistakes and rebuilding the part of the celebrations, he hoisted the national flag, inspected the parade, and awarded Rs 1 crore each to nine notable individuals, including the late folk singer Gaddar, who played key roles in the statehood movement. In some cases, family members accepted the awards on their Mayor of Kitakyushu City, Japan, Kazuhisa Takeuchi, attended the celebrations as a special officially became a state on June 2, 2014, following its separation from undivided Andhra Pradesh after a long struggle for by Thejaswini N IN THIS STORY#Telangana
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Business Standard
02-06-2025
- Business
- Business Standard
Telangana aims to become $3 trillion economy by 2047: CM Revanth Reddy
Telangana is working to become a $3 trillion economy by 2047 as the country aspires to achieve $30 trillion by then, Chief Minister A Revanth Reddy said here on Monday. Speaking at the Telangana Formation Day celebrations, Reddy said the state government hopes to contribute 10 per cent to the national GDP by 2047. "India is making efforts to emerge as a $30 trillion economy by 2047. As India and the (Central) government are making plans to become $30 trillion, we brought the Telangana Rising 2047 policy document to make the state a partner in it, to put the state at the top," he said. As part of its goal, the state government has introduced several policies, including energy, tourism, industries, investments and health, he said. All these policies together form the vision of 'Telangana Rising 2047'. This envisions making the state compete with the world, he said. The CM said the government is making efforts with the aim of transforming the state into a $one trillion economy in 10 years and a $3 trillion economy by 2047 (to help the country become a $30 trillion economy). Telangana's population forms only 2.5 per cent of the country's current population, but the state contributes five per cent to the national GDP, he said. The government aims to increase the state's contribution to the national GDP to 10 per cent by 2047, he said. The CM urged doctors, engineers, bureaucrats, businessmen and other sections of society to support the government in its endeavour. Reddy, who highlighted the welfare and development initiatives, said the government is firming up plans to make Hyderabad comparable to world cities, including to restore the past glory of Musi river in the city and to develop Bapu Ghat, a memorial for Mahatma Gandhi, as 'Gandhi Sarovar' as per international standards. Observing that major cities in the country have developed gradually since old times, he said the government is developing a fully-planned 'Bharat Future City' near the city's RGI airport. The proposed Future City is envisioned to compete with cities like Tokyo and New York. The Future City, proposed to be developed in 30,000 acres as per global standards, would comprise AI City, Sports City, Life Sciences, Health City and Pharma City. The government has already prepared a policy document and appointed a Future City Development Authority, he said. The Future City would be a destination for investments from around the world, he said. Alleging that people's aspirations were not fulfilled after the state's formation in 2014 (during the previous BRS regime), he said the state government, after assuming office in December, 2023, set out to rectify the wrongdoings of the past and to put the state on the path of reconstruction. The CM hoisted the national flag and inspected the parade on the occasion. He presented a cash reward of Rs one crore each to nine eminent persons, including late folk singer Gaddar, who played a key role in the Telangana statehood agitation. The cash rewards were received by the concerned family members in the case of some of the eminent persons. The Mayor of Kitakyushu City in Japan, Kazuhisa Takeuchi, attended the Telangana Formation Day celebrations as a guest. After a protracted agitation for statehood, Telangana came into existence on June 2, 2014, following the bifurcation of undivided Andhra Pradesh.
NDTV
02-06-2025
- Business
- NDTV
Telangana Aims To Become 3 Trillion Dollar Economy By 2047: Revanth Reddy
Hyderabad: Telangana is working to become a USD 3 trillion economy by 2047 as the country aspires to achieve USD 30 trillion by then, Chief Minister A Revanth Reddy said in Hyderabad on Monday. Speaking at the Telangana Formation Day celebrations, Mr Reddy said the state government hopes to contribute 10 per cent to the national GDP by 2047. "India is making efforts to emerge as a USD 30 trillion economy by 2047. As India and the (Central) government are making plans to become USD 30 trillion, we brought the Telangana Rising 2047 policy document to make the state a partner in it, to put the state at the top," he said. As part of its goal, the state government has introduced several policies, including energy, tourism, industries, investments and health, he said. All these policies together form the vision of 'Telangana Rising 2047'. This envisions making the state compete with the world, he said. The CM said the government is making efforts with the aim of transforming the state into a USD one trillion economy in 10 years and a USD 3 trillion economy by 2047 (to help the country become a USD 30 trillion economy). Telangana's population forms only 2.5 per cent of the country's current population, but the state contributes five per cent to the national GDP, he said. The government aims to increase the state's contribution to the national GDP to 10 per cent by 2047, he said. The CM urged doctors, engineers, bureaucrats, businessmen and other sections of society to support the government in its endeavour. Mr Reddy, who highlighted the welfare and development initiatives, said the government is firming up plans to make Hyderabad comparable to world cities, including to restore the past glory of Musi river in the city and to develop Bapu Ghat, a memorial for Mahatma Gandhi, as 'Gandhi Sarovar' as per international standards. Observing that major cities in the country have developed gradually since old times, he said the government is developing a fully-planned 'Bharat Future City' near the city's RGI airport. The proposed Future City is envisioned to compete with cities like Tokyo and New York. The Future City, proposed to be developed in 30,000 acres as per global standards, would comprise AI City, Sports City, Life Sciences, Health City and Pharma City. The government has already prepared a policy document and appointed a Future City Development Authority, he said. The Future City would be a destination for investments from around the world, he said. Alleging that people's aspirations were not fulfilled after the state's formation in 2014 (during the previous BRS regime), he said the state government, after assuming office in December, 2023, set out to rectify the wrongdoings of the past and to put the state on the path of reconstruction. The CM hoisted the national flag and inspected the parade on the occasion. He presented a cash reward of Rs one crore each to nine eminent persons, including late folk singer Gaddar, who played a key role in the Telangana statehood agitation. The cash rewards were received by the concerned family members in the case of some of the eminent persons. The Mayor of Kitakyushu City in Japan, Kazuhisa Takeuchi, attended the Telangana Formation Day celebrations as a guest. After a protracted agitation for statehood, Telangana came into existence on June 2, 2014, following the bifurcation of undivided Andhra Pradesh.
