Telangana aims at achieving 3 trillion US dollar economy by 2047: CM Revanth Reddy
Telangana aims at achieving 3 trillion US dollar economy by 2047: CM Revanth
HYDERABAD: Chief minister A
Revanth Reddy
has set a new target of making Telangana a three trillion US dollar economy by 2047 for which the state govt will come out with new industrial, infrastructure and investment policies.
The first target would be to achieve one trillion US dollar economy in next 10 years and three trillion by 2047, and increase the state's contribution to the national GDP from the present five per cent to 10 percent.
Speaking at the Telangana state formation day celebrations at Parade Grounds, the CM presented the progress report of the 16-month Congress govt and sought the cooperation of IAS, IPS, industrialists, business and other professional sectors to achieve the target of making Telangana number one in the country.
He also sought the cooperation of political parties.
India is bracing for the centenary celebrations of the country's Independence in 2047. The state govt is working in a mission mode to ensure that Telangana plays a pivotal role in developing India into a 30 Trillion US dollar economy. "As part of it, the Telangana Rising -2047 action plan has been prepared to promote the state as one trillion US dollar economy in next 10 years and 3 trillion US dollar economy by 2047.
Telangana Rising is regarded as the main instrument to achieve robust growth.
The government envisaged plans to develop Telangana as the number one developed state in the country as well as in the world. I strongly hope that everyone will support the govt in delivering transparent administration and comprehensive development of the state," CM Revanth said.
While sharing the achievements of the state govt like Rs 20,600 crore crop loans of farmers being waived, nearly 60,000 govt jobs and one lakh in private sector being given to youth, education, energy, tourism and other policies, and numerous other welfare schemes for women, farmers, youth, and other sections of the society, the CM also spoke about the apolitical stand taken by the Congress govt in Telangana for protection and integrity of the country.
The Telangana govt extended full support to the union govt and the armed forces of the country after the Pahalgam terrorist attack followed by Operation Sindoor.
The govt is moving fast to promote the youngest state (Telangana) as the best destination for global investments. The state govt has already inked agreements with the 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 Rising. "Plans are under pipeline to develop Hyderabad on par with other developed metro cities in the world and compete with them.
A Future City is also being developed in 30,000 acres with state of the art facilities. AI City, Pharma city, Sports City, Life Sciences and Health City are also being developed, he said.
To empower backward communities, 42 percent reservation Bills were passed in the assembly, and SC categorisation was done.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
5 minutes ago
- Hindustan Times
All-party panel briefs EAM on outreach talks
External affairs minister S Jaishankar met members of BJP lawmaker Baijayant Panda-headed diplomatic delegation, which returned from its four-nation tour on Tuesday, and told them that the journey was successful and the objectives have been completed. The multi-party delegation, which left Delhi on May 24, was the first to return after touring Saudi Arabia, Kuwait, Bahrain and Algeria. The delegation members met Jaishankar at his office and presented him a report on how they exposed Pakistan in various countries over its support to terrorism. Former foreign secretary Harsh Vardhan Shringla, who was part of the delegation, said the meeting with Jaishankar was 'quite fruitful'. 'The meeting was really good; feedback was given to the external affairs minister. All delegation members shared their views, and I think the minister got the feedback from the mission as well. But this time, the delegates have shared it first-hand. He (Jaishankar) said that the journey was quite successful, our objectives were completed, and he congratulated the delegation members and leaders,' Shringla added. Panda in a post on X said: 'When it comes to standing up for India, when it comes to taking a strong stand against cross-border terrorism sponsored by Pakistan, there was no let-up from anybody. All of our delegates were united and gave a very strong message — and it was very well received.' 'The new normal is very clear: we will retaliate, we will extract a cost from Pakistan,' he added. In an earlier post after the completion of the key diplomatic tour, Panda said that over the past few days, the delegation 'carried India's strong message against terrorism, reinforced historic ties, and engaged in high-level dialogues.' He also expressed gratitude for the warm hospitality and meaningful discussions in each country. 'A special appreciation to my fellow delegation members — their insights, dedication, and teamwork were crucial in amplifying India's voice throughout this mission,' he added. The delegation also comprises BJP leaders Nishikant Dubey, Phangnon Konyak, and Rekha Sharma, AIMIM lawmaker Asaduddin Owaisi, Satnam Sandhu (nominated), former minister Ghulam Nabi Azad and Shringla. Jaishankar is expected to meet the remaining six delegations before Prime Minister Narendra Modi meets all members of the seven delegations next week. A total of seven delegations, led by Congress lawmaker Shashi Tharoor, NCP(SP)'s Supriya Sule, BJP's Ravishankar Prasad and Panda, Shiv Sena's Srikant Shinde, DMK leader K Kanimozhi and JD(U) lawmaker Sanjay Jha went to 38 countries and the European headquarters of Brussels. A total of 55 leaders including lawmakers, former diplomats and former Union ministers formed the delegations. They aimed at reaching out to the international community on Pakistan's designs and India's response to terror after the April 22 Pahalgam terror attack that killed 26 civilians. India carried out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir on May 7 under Operation Sindoor, following which Pakistan attempted to attack the Indian military bases over the next three days. The Indian side responded strongly to the Pakistani actions. Speaking about the tour, Nishikant Dubey claimed: 'All countries are both impressed and astonished by the nation's development under the leadership of PM Modi. All countries consider India their friend and are united against Pakistan. Everyone is interested in doing business with us. All members of our delegation expressed views on Pakistan's weakness and the fact that India has no option but to attack Pakistan to ensure the safety of its citizens.'
India.com
9 minutes ago
- India.com
Bollywood's richest family has no superstars, still richer than Bachchans, Kapoors, Khans, Chopras, once sold fruits, now worth Rs..., they are..
Bollywood's richest family has no superstars, still richer than Bachchans, Kapoors, Khans, Chopras, once sold fruits, now worth Rs..., they are.. From Kapoors to Chopras, the Hindi cinema has seen few prominent wealthy families that have ruled the Indian cinema, and are responsible for launching stars and producing blockbuster films. Yet, none of them are as rich as this family, who once started as fruit vendors, now amass extravagant wealth without backing of any big superstar. It is none other than the Kumars, owners of T-Series, the family who has surpassed net worth of Khans, Bachchans and Chopras, according to the Hurun Rich List. The latest edition of Indian list from Hurun released last year, and revealed Bhushan Kumar's family, the richest in Bollywood, with net worth at $1.2 billion (over ₹10,000 crore). The tag, which was once claimed by the Kapoors, having net worth of Rs 2000 crore, is now ultimately shifted to the Kumars. The second on the place after Kumars is Yash Chopra's family, with combined reported net worth of Rs 8000 crore. Shah Rukh Khan, Bollywood's wealthiest actor, his familial net worth is Rs 7800 crore, according to Forbes. Well, The Kumars journey to success started with humble earnings. Just one generation ago, Gulshan Kumar, father of Bhushan Kumar, was a fruit vendor in Delhi. His career transformed in the 1970s when he began business of selling music cassettes. From there, the family launched their own record label, Super Cassettes, which later developed into T-Series. Currently, Bhushan Kumar leads the family business, as the chairman and managing director of T-Series. Supported, by his uncle Krishan Kumar, who manages the company's operations, he has two sisters- Tulsi and Khushali Kumar, who are involved in the entertainment sectors. While Tulsi is a well-known playback singer, Khushali is an actress. His wife, Divya Khosla Kumar, producer and director, also holds shares in the company. The Kumars draw a bulk of income from T-Series, one of India's biggest music labels and production companies. According to Industry insiders, Bhushan Kumar hold 80% of family's collective net worth. Meanwhile, his sisters Tulsi and Khushali Kumar reportedly own Rs 250 crore and Rs 100 crore net worth. Well, T-Series also has several other subsidiaries and an acting school in Noida.
Time of India
10 minutes ago
- Time of India
ACB summons Manish Sisodia and Satyendar Jain over Rs 2,000 crore school construction corruption probe
Delhi's Anti-Corruption Branch has summoned former ministers Manish Sisodia and Satyendar Jain over alleged Rs 2,000 crore corruption in government school classroom construction. The FIR cites irregularities in 12,748 classrooms built under the previous AAP government. A 2020 CVC report highlighted financial and procedural violations. BJP alleges inflated costs and contractor links, while AAP denies wrongdoing, calling the probe political. Both leaders have prior legal cases but remain out on bail. This investigation is crucial for public trust in governance. Tired of too many ads? Remove Ads Cost escalation raises red flags Tired of too many ads? Remove Ads Violations highlighted in CVC report The Anti-Corruption Branch ACB ) of Delhi has called on former ministers Manish Sisodia and Satyendar Jain to appear in connection with a corruption case linked to the construction of classrooms in government schools during the last Aam Aadmi Party (AAP) government. Jain is scheduled to appear on June 6, while Sisodia must report on June 9. This summons follows allegations involving a staggering Rs 2,000 crore in April 30, the ACB filed a First Information Report (FIR) accusing the two leaders of corruption tied to the building of 12,748 classrooms or semi-permanent structures. Sisodia oversaw finance and education departments, while Jain was responsible for health, industries, power, home affairs, urban development, and public works during the AAP's Commissioner Madhur Verma, who leads the ACB, explained the FIR followed findings from the Central Vigilance Commission 's (CVC) Chief Technical Examiner. He said, 'The Chief Technical Examiner's report of the Central Vigilance Commission (CVC) pointed out several anomalies in the project, and the report was kept under the carpet for about three years.' The case was registered after permission under section 17-A of the Prevention of Corruption Act was granted.A key concern is the massive cost increase during construction. According to ACB officials, classrooms were to be built at Rs 1,200 per square foot but ended up costing nearly Rs 2,292 per square foot. BJP leaders claim this surge indicates corruption. The complaint they filed in 2019 noted that the cost per classroom was Rs 24.86 lakh—far higher than the roughly Rs 5 lakh typically spent on similar projects in project involved 34 contractors, many allegedly linked to the AAP. BJP leaders Kapil Mishra, Harish Khurana, and Neelkant Bakshi accused the former government of financial mismanagement in three school 2020 CVC report detailed multiple violations of government rules and tendering procedures. It found contracts awarded without proper bidding, project costs inflated by 17% to 90% without fresh tenders, and private consultants hired without following protocol. The report also flagged duplication of work, construction without actual demand from schools, and mismanagement of funds and AAP called the allegations 'a calculated political ploy by the BJP,' saying, 'They are weaponizing institutions to attack AAP leaders and create a false narrative… When Aam Aadmi Party held power in Delhi, the BJP systematically defanged the ACB to strip it of any real authority. Today, they are using the same weakened institution as a tool to target AAP leaders and further their own agenda.'Both Sisodia and Jain have faced legal challenges before. Sisodia was arrested in the Delhi excise policy case, while Jain was detained in a money laundering investigation. Both remain out on bail.
