Latest news with #HyderabadMetroRail
Hans India
25-05-2025
- Business
- Hans India
CM seeks Modi's help for infra, metro rail projects in state
New Delhi / Hyderabad: Chief Minister A Revanth Reddy has on Saturday put a plethora of demands before Prime Minister Narendra Modi and sought the latter's support to complete the proposed infrastructure development projects in Telangana. He also urged for Union Cabinet approval for pending Hyderabad Metro Rail phase-2 project, Regional Ring Railway project, etc. The Chief Minister also requested the Prime Minister to allot the next DefExpo to Telangana. The CM called on the Prime Minister in New Delhi on Saturday and discussed the pending clearance of the projects before the Union government. Revanth Reddy said that the state the government has submitted Metro Rail Phase-II proposals to the Ministry of Housing and Urban Affairs on 4th November, 2024 and the Ministry has sought some clarifications and the State also replied to. He requested the ministry to expedite and give Cabinet approval for the project. He appealed to the PM to consider the approval of the Southern part of the RRR and take up works simultaneously with the northern part of the Regional Ring Road to avoid cost escalation. 'Unless both Northern and Southern parts are taken up simultaneously and completed fully, both roads cannot be put to efficient use. Telangana Government is willing to share 50% of the land acquisition cost for Southern part also', he said. The proposed Regional Ring Railway, green field highway from Bandar port to Dry port near Hyderabad to enhance connectivity and reduce freight cost and supports the region's industrial and export requirements were also discussed in the meeting. The CM requested Modi's support to strengthen Telangana's position in India's semiconductor ecosystem. He said that State is fully aligned with India's Semiconductor Mission (ISM) and aims to be a premier hub for advanced semiconductor and electronics manufacturing. The CM asserted the support of the Centre for Defence Projects of both Defence PSUs and private sector defence JVs, capacity building of defence MSMEs and promotion of defence ecosystem in Hyderabad. He emphasised the need for fast-track approvals for defence JVs & offsets. He also appealed to the PM to allot a dedicated approval channel to attract global investments and boost exports and the Hyderabad-Bangalore Defence Corridor. As a leading defence manufacturing hub, Hyderabad deserves to host the next DefExpo, Revanth Reddy said that defence MSMEs required incentives due to high investment and long gestation periods.
Hans India
25-05-2025
- Business
- Hans India
Revanth outlines TG's vision for $2.4-trn GSDP by 2047
Hyderabad: Chief Minister A Revanth Reddy has on Saturday outlined Telangana's vision to emerge as a $2.4-trillion economy by the year 2047 when India will celebrate its centenary year of Independence Addressing the 10th NITI Aayog Governing Council Meeting in New Delhi, the Chief Minister, while explaining about his government's Telangana Rising 2047 vision, said: 'Telangana envisions itself as a 'Viksit Rajya' (developed state), contributing eight per cent to the national GDP by 2047 which translates to a targeted Gross State Domestic Product (GSDP) of $2.4 trillion'. Telangana is undertaking visionary urban projects, including expansion of the Hyderabad Metro Rail network, the Musi River Rejuvenation Project, elevated expressways, and the Regional Ring Road, which will shape the state's future, he added. These initiatives aim to enhance connectivity, promote sustainable mobility, and unlock new zones of economic growth. The development of Telangana's Net-Zero Future City will set new benchmarks in sustainable urban design, he added. Stressing on 'Nation First- People First' policy, he said that Telangana Rising 2047 vision can't be implemented without the Centre's support. Urging Modi to support Telangana for its comprehensive development, Reddy said: 'The spirit of cooperative federalism must guide our journey. States are not only laboratories of innovation but also the engines of national growth. Telangana is proud to be a strong contributor to India's GDP and a leader in industrial, technological, and governance reform'. The Chief Minister said that the state has attracted a whopping investment of Rs three lakh crore in 18 months of his government. He said that efforts were being made to develop Telangana as a one trillion-dollar economy soon. Further, the Chief Minister proposed a national-level task force, headed by Prime Minister Narendra Modi, with Chief Ministers of the six fast-developing States as members to focus on comprehensive urban development, infrastructure and investment and governance reforms in Mumbai, Hyderabad, Bengaluru, Chennai, Kolkata and Delhi. Affirming that a single hand can't clap, he said that the goals set for Viksit Bharat can be realised only if the Centre extends support to States in true spirit of cooperative federalism. He said: 'These cities together accounting for a major share of India's urban GDP, serve as critical engines of economic growth, innovation, and job creation'. Despite its small size, Hyderabad is already contributing handsomely to the national GDP, he added. These mega-cities are not just economic centres but hubs of talent, investment, and technological advancement. A dedicated and coordinated strategy for these cities will help catalyse national economic momentum, generate millions of jobs, and elevate India's position in the global urban economy, the Chief Minister said.
Time of India
24-05-2025
- Business
- Time of India
Revanth seeks nat'l task force for devpt of 6 metros
1 2 Hyderabad: Chief minister A Revanth Reddy Saturday asked for the setting up of a national-level task force led by Prime Minister Narendra Modi with chief ministers of Maharashtra, Delhi, Karnataka, West Bengal, Tamil Nadu, and Telangana as members. He said the proposed task force should focus on comprehensive development of India's six major metropolitan cities—Mumbai, Delhi, Bengaluru, Kolkata, Chennai, and Hyderabad, infrastructure investment, and governance reforms tailored specifically to the needs of these urban growth engines. Presenting the 'TelanganaRising 2047' roadmap at the NITI Aayog governing council meeting in Delhi, chaired by PM Modi, Revanth called for fair and liberal central assistance for key projects in Telangana. "Only through a genuine spirit of cooperative federalism can India aspire to become a $30 trillion economy by the time it marks 100 years of Independence in 2047," he said. Revanth underscored the strategic importance of India's leading metros in shaping national economic momentum. He pointed out that cities like Mumbai and Delhi contribute ₹25.8 lakh crore and ₹24.5 lakh crore respectively to the economy. Hyderabad, though smaller in size, already contributes nearly 2.5% of India's GDP, and has emerged as a hub for investment, innovation, and talent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo "These cities are not just population centres; they are engines of job creation, innovation, and global competitiveness," Revanth said, adding that coordinated strategies across these metros could significantly enhance India's urban productivity and international economic standing. Vision for Telangana The CM outlined an ambitious vision for Telangana—to become one of the first Indian states to reach a gross state domestic product (GSDP) of $1 trillion. While national estimates place this milestone within a 15-year horizon, Telangana aims to achieve it within a decade. "We are committed to accelerating our development journey. States are not only laboratories of innovation but also engines of national growth. The central govt's support is essential to unlock this potential," Revanth said. He detailed key projects already underway in Telangana, including expansion of Hyderabad Metro Rail, development of Bharat Future City, Musi river rejuvenation, Regional Ring Road and radial roads, major industrial investments, and programmes focused on the empowerment of women, farmers, and youth. Quoting a proverb, 'One hand alone cannot clap,' Revanth reiterated the need for Centre-State partnership in delivering on transformative goals. National security Revanth condemned the recent Pakistan-sponsored terrorist attack in Pahalgam, extending Telangana's full support to the Centre in its fight against cross-border terrorism. He also highlighted Telangana's progressive steps toward social justice, including a comprehensive caste survey and the passage of two bills extending 42% reservation for BCs in education, employment, and local governance. He said this initiative had inspired the Centre to explore a similar exercise nationwide, and offered Telangana's support in sharing its methodology for a national caste census. Revanth reaffirmed Telangana's commitment to the national goal of a Viksit Bharat—developed India—by 2047. He said the state envisions contributing 8% to India's GDP by then, which would mean a GSDP of $2.4 trillion, positioning Telangana as a major driver of India's growth story. After the meeting, he posted on X: "Attended NITI Aayog meeting. Viksit Bharat 2047 can be realised only through the development of states. #TelanganaRising2047 is a significant part, and the Centre must support it fully in the spirit of India First, People First."
The Hindu
24-05-2025
- Business
- The Hindu
CM Revanth Reddy meets PM Modi, seeks support for Telangana's strategic projects
Chief Minister A. Revanth Reddy met Prime Minister Narendra Modi and sought his intervention and support in expediting approvals and providing financial assistance for projects in metro rail expansion, road and rail infrastructure, semiconductor manufacturing and defence sector growth. He explained the necessity of expanding the Hyderabad Metro Rail, stating that Phase-I, covering 69 km across three corridors, was completed with an investment of ₹22,000 crore, and no expansion has occurred in the past decade. The Telangana government has now submitted detailed proposals for Phase-II, which envisions five new corridors totaling 76.4 km at an estimated cost of ₹24,269 crore. The project is designed as a joint venture between the Centre and the State, with the Government of India contributing 18% (₹4,230 crore), Telangana 30% (₹7,313 crore), and the remaining 48% (₹11,693 crore) being raised through debt. CM Reddy urged the Prime Minister to direct the Ministry of Housing and Urban Affairs (MoHUA) to expedite Cabinet approval, citing precedents such as the approval of Chennai and Bangalore Metro expansions. The CM also discussed the critical Regional Ring Road (RRR) project and requested financial and Cabinet approval for both the Northern and Southern sections simultaneously to avoid cost escalations. He also sought support for a Greenfield expressway and railway line connecting Hyderabad's proposed dry port to the Bandar port in Andhra Pradesh. Mr. Reddy requested Central support for the State's semiconductor manufacturing initiatives under India's Semiconductor Mission (ISM), which would not only attract massive investments but also help India achieve its $500 billion electronics production target by 2030. He said Hyderabad was now the largest 'Make in India' hub in the defence sector, housing major DRDO facilities and global companies like Lockheed Martin, Boeing, GE and Safran. He appealed for fast-track approvals for defence joint ventures. He sought official notification of a Hyderabad-Bangalore Defence Corridor. Later, the CM also met Union Minister Kumaraswamy.
Hans India
24-05-2025
- Business
- Hans India
Hyderabad Metro Rail New Fares to Come Into Effect from Today
The Hyderabad Metro Rail management has announced a revision in ticket prices that will take effect today. According to the new fare structure, the minimum ticket price has been set at Rs. 11, while the maximum fare will be Rs. 69. Initially, the fares were proposed to rise to Rs. 12 for the minimum and Rs. 75 for the maximum. However, following significant opposition from passengers, the management reconsidered its decision. In an effort to alleviate the financial impact on commuters, the management has introduced a 10 percent discount on the increased fares. This discount will vary depending on the method of ticket purchase, with special provisions for those using smart cards, tokens, and mobile apps. Metro officials have expressed their commitment to making services more accessible to all passengers during this transition. The revised fares were determined considering various factors, including passenger congestion, ticket sales, and overall travel experience. Officials indicated that the aim of these adjustments is to encourage a greater number of passengers to utilise metro services while ensuring the provision of these services with appropriate precautions in mind.
