CM sets $3 trillion economy target for T by 2047 when India turns 100

Time of India

2 days ago

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Hyderabad: On the occasion of the 11th Telangana Formation Day on Monday, chief minister A Revanth Reddy set a new target of making the state a $3 trillion economy by 2047 and increasing its contribution to the GDP from 5% to 10%.
Speaking at the Formation Day celebrations at Parade Grounds, the CM presented the progress report of the 16-month-old Congress govt and sought the cooperation of all political parties, bureaucracy, industrialists and all sections in the state to make Telangana number one in the country. He said the state govt was working in mission mode to ensure that Telangana plays a pivotal role in developing India into a $30 trillion economy by 2047 when the country would celebrate its Independence centenary.
"As part of it, the Telangana Rising 2047 action plan has been prepared to turn the state into a $1 trillion economy in the next 10 years and $3 trillion by 2047. The govt has plans to not only develop Telangana as the number one state in the country but also make it capable of competing with the world," the CM said.
While sharing several achievements of the state govt such as Rs 20,600 crore crop loan waiver for farmers, nearly 60,000 govt and one lakh private jobs for the unemployed and other welfare schemes, the CM referred to the apolitical stand of the Congress govt in Telangana for the country by extending full support to the Centre and the armed forces during Operation Sindoor.
by Taboola
by Taboola
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The CM said the govt was moving fast to promote the youngest state as the best destination for global investments. The state govt has already inked agreements with companies for more than Rs 3 lakh crore investments. IT giants such as Google, Microsoft, Cognizant, and HCL were already expanding their operations in Hyderabad, he said, adding that this was the first step under 'Telangana Rising' project.
"Plans are in the pipeline to develop Hyderabad on a par with other developed metros in the world.
A Future City is also being developed in 30,000 acres with state-of-the-art facilities which will be a destination for investments from around the world. AI City, Pharma City, Sports City, Life Sciences and Health City are also being developed," he said.
Pointing to the bills on 42% quota for backward classes and SC categorisation, the CM said Congress govt rectified the wrongdoings of the previous govt (BRS) which had failed to fulfil the aspirations of people despite being in power since state formation in 2014.
Earlier, the CM paid tributes to Telangana martyrs at Gun Park near the assembly before going to Parade Grounds in Secunderabad where he hoisted the national flag and inspected the parade. The mayor of Kitakyushu City in Japan, Kazuhisa Takeuchi, attended the Telangana Formation Day celebrations as a special guest.
CM honours poets, writers, cops
CM A Revanth Reddy presented a cash reward of Rs 1 crore each to nine eminent persons including folk singers, writers, artists and poets who played a crucial role in the statehood agitation.
They include Ande Sri, Aekka Yadagiri Rao, Suddala Ashok Teja, Jayaraju, Pasham Yadagiri, Goreti Venkanna, and posthumously to balladeer Gaddar, Bandi Yadagiri and Guda Anjaiah. The awards of Gaddar and Anjaiah were collected by their families, while there was no one present from Yadagiri's family. Venkanna's award was received by his daughter as he is on a foreign tour.
The prestigious Kaloji Sahitya Puraskaram was presented to Nalimela Bhaskar.
As many as 19 police officers were presented with Medals for Gallantry and 11 other officers with Medal for Meritorious Service by the CM.