Latest news with #ARevanthReddy
Time of India
13 hours ago
- Business
- Time of India
Telangana committed to growth, political changes won't matter, says CM Revanth Reddy
HYDERABAD: Chief minister A Revanth Reddy on Tuesday said that Telangana remains committed to industrial growth, regardless of political transitions, and is now working to introduce globally competitive, futuristic policies to attract investments across sectors. The Congress govt, he said, is focused on transforming Telangana into a $3 trillion economy by 2047. Speaking after laying the foundation stone for ICHOR Biologics 2.0 expansion unit at Genome Valley, the CM said continuity and consistency in industrial policy boost investor confidence. "When policies do not change arbitrarily and become more investor-friendly while retaining the required regulatory oversight, it strengthens trust," he said. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Genome Valley, he said, is a matter of national pride. It accounts for 33% of India's vaccine production and over 40% of bulk drug output, he said. "Hyderabad has become the vaccine and bulk drug capital of the country. During the Covid-19 pandemic, Genome Valley played a key role in exporting vaccines across the globe," he noted, while thanking the entrepreneurs behind its success. Govt attracted ₹3.2L crore in 18 months, says Revanth ICHOR Biologics managing director Sudini Anand Reddy said the 1.75 lakh sq ft expansion will support the development of 11 new proteins over the next two years, making ICHOR a frontrunner in plasma-derived therapeutics. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Gorgeous Women, Ranked BigGlobalTravel Undo Revanth also said that Telangana attracted Rs 3.28 lakh crore in investments in the past 18 months and is positioning Hyderabad as the next big 'China Plus One' destination for global manufacturing. "Taiwan is currently playing that role, but there is now a spillover. Telangana is ready with policy, infrastructure and sectoral support to capture this opportunity," he said, urging Genome Valley to help attract more investments in pharma, electric vehicles, IT, and emerging sectors. IT and industries minister D Sridhar Babu said Telangana's life sciences sector is recording a compound annual growth rate (CAGR) of 23%, compared to the national average of 14%, and contributes nearly 3% to the state's GSDP, double the national average. He highlighted Hyderabad's emergence as a global life sciences cluster, alongside Boston, San Francisco, Cambridge and Tokyo. In 2024 alone, life sciences firms leased 2.4 million sq ft of office space in the city - up from 1.8 million sq ft in 2023. To accelerate this momentum, Telangana plans to set up dedicated pharma villages along the Hyderabad-Nagpur and Hyderabad-Bengaluru corridors, he said. The state is also focusing on cell and gene therapy, AI-powered diagnostics, drug innovation, rare disease research, and green chemistry - aiming to become a global model for life sciences innovation, he added.
New Indian Express
14 hours ago
- Business
- New Indian Express
Telangana attracted Rs 3.28L crore investments in 18 months: CM Revanth Reddy
HYDERABAD: Chief Minister A Revanth Reddy on Tuesday said that the state government intends to adopt a 'China Plus One' strategy to attract more investments to Telangana and Hyderabad. He said: 'We want to create a 'China Plus One' destination. After the Covid pandemic, the entire world is searching for 'China Plus One' countries. They want to shift their investments and manufacture their products at other places. Now Taiwan is the place, but it will be only after us. Everyone is focusing on China Plus One. Most of the investors are looking towards India, but my point is to create an alternative China Plus One in Hyderabad and Telangana.' Addressing the gathering after laying the foundation stone for a new facility of ICHOR Biologics in Genome Valley in Hyderabad, the chief minister said that the government aimed to reach a $1 trillion economy by 2035 and a $3 trillion economy by 2047. 'Telangana Rising - 2047 will be unveiled on December 9, 2025. Our target is to reach a $3 trillion economy by 2047. The Centre targeted a $30 trillion economy by 2047. We want to contribute 10 per cent to the Indian economy,' he said. Stating that 33 per cent of the vaccines and 40 per cent of bulk drugs in India are being produced in Genome Valley here, Revanth said that during the Covid-19 pandemic, Hyderabad had provided vaccines to about 100 countries. He said that though the parties and governments have changed, the policies have been continuing since 1994. After the Congress came to power, we did not change the policies, incentives and permissions for the industries in the state. He said that the government has attracted `3.28 lakh crore investments in the last 18 months. 'Hyderabad is a place for data centres and tops in GCCs. Telangana is far better in attracting biopharma and other industries in the country compared to any other state. We want to compete with the world, not with states like Maharashtra, Andhra Pradesh, Karnataka and others,' the chief minister said. IT & Industries Minister D Sridhar Babu, Labour Minister G Vivek Venkatswamy, ICHOR Biologics Managing Director Sudini Anand Reddy and others were present at the ceremony.
New Indian Express
14 hours ago
- Climate
- New Indian Express
Bookings for water tanker surge by 36 per cent amid scanty rains in Hyderabad
HYDERABAD: With rainfall remaining scarce recently, Hyderabad is witnessing a sharp 36% spike in water tanker bookings compared to the same period last year. HMWSSB managing director K Ashok Reddy has directed officials to stay prepared for further increases in bookings, citing depleted groundwater levels across several parts of the city. Between July 1 and 14 last year, 63,724 tankers were booked, while this year, the number has jumped to 86,520. Out of the nearly 14 lakh connections under the Water Board's jurisdiction, around 42,000 households have relied on tankers for their water needs. However, just 500 users accounted for 31,000 tanker bookings during the 75-day summer stretch, while 22,000 users booked 90% of the total 2.84 lakh tankers. A survey conducted by HMWSSB revealed that many of these households lacked Rain Water Harvesting Structures (RWHS). In response, notices were issued and awareness campaigns launched, urging residents to construct RWHS pits within 90 days. So far, 16,000 property owners have received notices. Chief Minister A Revanth Reddy stated that households larger than 300 square yards within the ORR must install RWHS pits. They warned of possible action, including increased tanker rates, for non-compliance. HMWSSB has been asked to identify and prepare a list of households without RWHS pits within the next month.
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Business Standard
15 hours ago
- Politics
- Business Standard
Telangana, Andhra Pradesh CMs to attend Centre's meeting on water issues
The Union Jal Shakti Minister, Telangana Chief Minister A Revanth Reddy, and his Andhra Pradesh counterpart N Chandrababu Naidu will be attending a meeting on water issues being facilitated by the Centre on Wednesday. The meeting is initiated by the Union Jal Shakti Minister, C R Patil. The meeting, scheduled for 2.30 pm, holds significance against the backdrop of renewed tensions between the two states over water sharing, particularly following Andhra Pradesh's announcement of the Polavaram-Banakacherla project. Both the Chief Ministers have previously expressed their willingness to resolve the issue through dialogue. Earlier on Wednesday, Telangana Irrigation, Food and Civil Supplies Minister Capt. N. Uttam Kumar Reddy said the Congress government in Telangana would persist with its legal, technical, and administrative battle to reclaim the state's rightful share of Krishna river waters. He accused the previous BRS regime of betraying Telangana's long-term interests by compromising with Andhra Pradesh, allowing large-scale water diversion, engineering failures, and financial mismanagement. According to a statement, the Minister delivered two detailed PowerPoint presentations at Jyotirao Phule Praja Bhavan - one on the illegal diversion of Krishna River waters to Andhra Pradesh and the other on the disastrous consequences of relocating the originally sanctioned Dr B.R. Ambedkar Pranahita-Chevella Sujala Sravanthi (PCSS) project to Medigadda under the Kaleshwaram Lift Irrigation Scheme. The first presentation highlighted how the BRS regime, during its 10-year rule from 2014 to 2023, failed to protect Telangana's entitlement to Krishna waters and even facilitated illegal infrastructure development by Andhra Pradesh to divert water from the Srisailam reservoir. Uttam Kumar Reddy said Andhra Pradesh's diversion of Krishna water to outside-basin areas surged from 245.3 TMC between 2004-05 and 2014 to 1,192.44 TMC between 2014-15 and 2023-24, due to the expansion of the Muchumarri Lift Irrigation Scheme and the creation of the Rayalaseema Lift Irrigation Scheme (RLIS). "These projects enhanced AP's drawal capacity from the Srisailam reservoir to 11 TMC per day." He pointed out that these works were undertaken without Central Water Commission (CWC) clearance or Apex Council approval, in clear violation of the AP Reorganisation Act. Despite being fully aware, the BRS government failed to raise objections with the Krishna River Management Board (KRMB) or the Union Jal Shakti Ministry, thus compromising Telangana's rightful share. He stated that the previous Telangana government accepted unjust water-sharing ratios, initially agreeing to a 299:512 TMC formula in 2015 and later to a 34:66 ratio in 2017-18, which remained in effect until 2020. He alleged that the BRS government even wrote to KRMB stating that the 34:66 formula should continue "since no other basis exists". He referred to a letter written by Chief Minister Revanth Reddy to the Union Jal Shakti Minister on March 3, 2025, demanding a reversal of the unfair ratio and reinforcing Telangana's demand for a 71% share - 575 TMC out of the 811 TMC originally allotted to undivided Andhra Pradesh, based on basin parameters like catchment area, population, drought-prone area, and cultivable land. Final arguments under Section 3 of the ISRWD Act, 1956, are underway before the Krishna Water Disputes Tribunal-II (KWDT-II), and the Congress government has decided to back its claims with strong technical and legal evidence. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hans India
17 hours ago
- Business
- Hans India
Advanced policies soon to make TG compete in world, says CM
Hyderabad: Chief Minister A Revanth Reddy has said that the State Government will bring a slew of advanced policies to compete with the world in the establishment of industries. The Chief Minister laid the foundation stone to the new unit of Ichor Biologics on Tuesday. Speaking on the occasion, the CM said Hyderabad has already emerged as the world's bulk drugs capital. 33 percent of the country's vaccines and 43 percent of bulk drugs are being produced from Hyderabad. The city of Hyderabad also made its own mark in exporting vaccines from Genome Valley to the world during the Covid pandemic, Revanth Reddy said, adding that the government is taking decisions in tune of with the industrial policies adapted in the previous government, which remained unchanged. Stating that Hyderabad will become a data city in the coming days, the CM said the state already signed agreements for attracting Rs 3.28 lakh crore investments. The Chief Minister reiterated that Telangana will be developed into a $1 trillion economy by 2035. The CM appealed to the Genome Valley entrepreneurs to support the state in achieving the goals.
