Telangana’s Industry Minister, D. Sridhar Babu, revealed the state’s ambition to elevate its GDP contribution to 10% of India’s total. This goal is part of a strategic plan to develop a $3 trillion economy. Minister Babu urged global industry leaders to engage in the state’s long-term vision called Telangana Rising, emphasizing policy stability, business-friendly environment, and innovation-driven growth.
At the World Economic Forum in Davos, Minister Sridhar Babu extended an invitation to international industry leaders to invest in Telangana. He highlighted the state’s favorable conditions for global companies to expand, invest, and actively participate in its growth trajectory. Telangana has identified priority sectors such as life sciences, electronics, IT, aerospace, renewable energy, and green technologies for focused development.
Minister Babu emphasized the state’s success in attracting investments totaling Rs 2.5 lakh crore over the past two years. He underscored the importance of sustaining growth, generating employment, and enhancing Telangana’s global competitiveness. Telangana has become a benchmark for ease of doing business, setting an example for other states to follow.
Telangana’s government aims to proactively shape the future by targeting a 10% share of India’s GDP by 2047. Minister Babu outlined a comprehensive roadmap, developed in collaboration with experts and industry stakeholders, to propel the state’s economy to $3 trillion by 2047. The vision document prioritizes key sectors crucial for driving economic growth, offering ample opportunities for investment across various industries in Telangana.
