State offers immense growth opportunities, says Minister Sridhar Babu
The Minister, who was speaking at Investopia Global, said this inviting industrialists from the United Arab Emirates (UAE) to invest in the State. Telangana may be geographically small, but it is a State with grand ambition and lays emphasis on strong implementation. In a short span, it has risen like a phoenix and emerged as a model in development and welfare for other States, Mr. Babu said.
In 2024–25, Telangana recorded a GSDP growth of 8.2%, which was higher than the national average of 7.6%. Telangana's contribution to the national GDP has exceeded 5%, the Minister's office said in a release on his address.
He sought to highlight the growth potential in the backdrop of the State pursuing the goal of becoming a $3 trillion economy by 2047. In the last 18 months, the State attracted fresh investments worth ₹3.2 lakh crore. Investopia Global was jointly organised by the UAE and Telangana government.
Setting up of dry ports, multimodal logistics parks, industrial corridors, net-zero industrial parks, EV zones, green logistics hubs, Regional Ring Road (RRR) and Metro Phase–2 are some of the projects that are expected to further boost industrial development in the State. The government is also set to develop Future City that will become a world hub for fintech, climate tech and smart mobility innovation.
Mr. Sridhar Babu also cited the growth in data centres, global capability centres (GCCs), AI labs and aerospace clusters in the State.
Investopia Global organisers said the programme seeks to advance UAE-India partnerships in sectors such as agri-tech, AI, defence and tourism in the backdrop of Comprehensive Economic Partnership Agreement UAE and India signed in 2021.
Thursday's programme served as a platform for exploring strategic opportunities in research and development, manufacturing, and clinical innovation. The sessions touched on opportunities for cooperation in supporting entrepreneurship ecosystem and startups by relying on venture capital funding and the support provided by accelerators and incubators such as Hub71 and T-Hub.
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