Sridhar Babu Invites Global Investors to Partner in Telangana Rising at Davos
Sridhar Babu said Telangana has emerged as a national role model in Ease of Doing Business and offers a highly conducive, policy-driven ecosystem for industrial development
Hyderabad: IT and industries minister D Sridhar Babu on Tuesday claimed that the state has mobilised investments of around ₹2.5 lakh crore through industry-friendly growth oriented policies. He invited global industry leaders to invest in the state and become partners in its long-term growth vision, “Telangana Rising.”
Addressing leading industrialists and stakeholders during the inauguration of the India Pavilion at the World Economic Forum annual meeting in Davos, the minister announced that Life Sciences Policy 2.0 and the Telangana AI Innovation Hub (TAIH) would be formally unveiled from the Davos platform, as part of efforts to further strengthen Telangana’s global brand and position the State as a preferred destination for next-generation industries.
He said Telangana has emerged as a national role model in Ease of Doing Business and offers a highly conducive, policy-driven ecosystem for industrial development. He called upon global companies to leverage the State’s strengths and participate actively in the state’s development journey.
Sridhar Babu said the state government has set an ambitious target of increasing Telangana’s contribution to India’s GDP to 10 per cent by 2047, underlining that the government’s approach is “not to wait for the future, but to build it.” To achieve this goal, he said, the government is pursuing a visionary and planned strategy, backed by institutional reforms and forward-looking policies.
He informed that a comprehensive roadmap has been prepared to scale Telangana’s economy to $3 trillion by 2047. The Vision Document prioritises key growth-driving sectors including pharmaceuticals, life sciences, biotechnology, healthcare innovation, electronics, semiconductors, hardware manufacturing, IT and ITeS, aerospace and defense, textiles and apparel, food processing, agro-based industries, renewable energy, and green technologies.
