Latest news with #IITEX2025
New Indian Express
a day ago
- Business
- New Indian Express
‘Invent in Telangana' to power 1 trillion dollar economy by 2035, says Minister Sridhar Babu
HYDERABAD: IT and Industries Minister D Sridhar Babu on Sunday shared that Telangana's Index of Industrial Production (IIP) recorded a Compound Monthly Growth Rate (CMGR) of 2.9% in the first quarter of the current financial year, well above the national average of 0.52%. At the valedictory function of IITEX 2025, organised by FTCCI at HITEX, the minister said the state's Gross State Value Added (GSVA) from industry touched Rs 2.77 lakh crore in 2024–25, with notable growth in power consumption (15.6%), GST collections (9.8%) and payroll enrollments (13.9%). Highlighting the state's shift from 'Make in India' to 'Invent in Telangana', he said over Rs 3 lakh crore in investments had been attracted in the past 18 months, including Rs 40,000 crore in the life sciences sector. This has led to 150 new projects, creating over 51,000 direct and 1.5 lakh indirect jobs, he added. Sridhar Babu outlined a zonal development strategy: technology and services inside the ORR, manufacturing between ORR and RRR and agri-rural innovation beyond the RRR. The long-term goal, he said, is to grow Telangana's economy to USD 1 trillion by 2035 and USD 3 trillion by 2047. Sridhar also emphasised the government's focused efforts to strengthen MSMEs. 'In the past 18 months alone, over 15,000 new MSMEs have been established in Telangana. Our goal is to increase MSMEs' contribution to state's GSDP to 10%,' he said. A dedicated MSME policy is under implementation, with new parks being set up in every district, especially to support women, SC and ST entrepreneurs, the minister said. FTCCI president Suresh Kumar Singhal and other senior office-bearers were also present.
United News of India
a day ago
- Business
- United News of India
IITEX 2025 concludes in Hyd; Minister Sridhar Babu calls for expansion to tier-2 and tier-3 cities
Hyderabad, June 30 (UNI) The second edition of the Industrial Innovation & Technology Expo (IITEX 2025), organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI), concluded on a high note at the Hitex Exhibition Centre in Hyderabad yesterday. The three-day event attracted over 10,000 visitors and featured more than 110 exhibitors representing key sectors such as mobility, renewable energy, packaging, food processing, industrial automation, and smart technologies. Telangana IT and Industries Minister D Sridhar Babu, who attended the valedictory session as the Chief Guest, said Telangana's industrial success was no accident but the outcome of visionary policies and inclusive governance. He praised the innovations on display—from 3D printing to industrial robotics—stating that they made it clear that "the future is already here." He urged FTCCI to transform IITEX into an annual flagship event and take it beyond Hyderabad to tier-2 and tier-3 cities to ensure broader access to industrial innovation and technology. The Minister noted that Telangana's Index of Industrial Production (IIP) for the first quarter of FY25 recorded a Compound Monthly Growth Rate (CMGR) of 2.90 percent, which is nearly six times the national average of 0.52 percent. He attributed this exceptional performance to the state's robust, inclusive, and forward-looking policies. Emphasising the importance of the MSME sector, he said it had been neglected over the past decade. In response, the Telangana government had introduced a progressive and future-ready MSME policy designed to promote revival, resilience, and innovation. Sridhar Babu also shared that Telangana attracted Rs 3.25 lakh crore in new investments between 2021 and 2024, and completed industrial proposals worth nearly Rs 75,000 crore, as reported by the MSME Export Promotion Council. He highlighted the growth of the life sciences sector, which saw Rs 40,000 crore in investments and the launch of 150 new projects, generating 51,000 direct and 1.5 lakh indirect jobs. He further mentioned that aerospace and defence had emerged as another major focus area. He reiterated the government's commitment to empowering women entrepreneurs from Self-Help Groups (SHGs) by establishing dedicated MSME parks aimed at making them crorepati. FTCCI President Dr Suresh Kumar Singhal said the expo aligned with the vision of Atmanirbhar Bharat and empowered MSMEs by providing access to cutting-edge technologies. He expressed pride that the event commenced on World MSME Day, honouring the vital role played by MSMEs in India's economic development. The expo also featured special pavilions by T-Hub, T-Works, NASSCOM, CDSC, and others, with support from the Ministry of MSME (Government of India under the PMS Scheme), the Government of Telangana, NITI Aayog's Invest India, NSIC, TGREDCO, RICH, and AIC. Dedicated startup zones curated by T-Hub and NASSCOM showcased more than 40 emerging ventures. Expo convenor Vimlesh Gupta said IITEX 2025 served as a platform for transformation, connecting traditional industries with disruptive innovations from startups. While IITEX is currently a biennial event, FTCCI announced its intention to make it an annual flagship industrial expo, further strengthening Telangana's position as a hub for industrial innovation. UNI VV ARN
The Hindu
16-06-2025
- Business
- The Hindu
3-day IITEX 2025 industrial innovation, tech expo of FTCCI to open on June 27
Trade and industry body Federation of Telangana Chambers of Commerce and Industry (FTCCI) will be organising IITEX 2025, the 2nd edition of its biannual industrial innovation and technology expo, in Hyderabad from June 27-29. The exhibition will feature 110 stalls showcasing innovations in mobility, renewable energy, food processing, smart tech, packaging, cold storage solutions, machine tools, and industrial automation. FTCCI expects over 15,000 footfalls and the exhibition to foster collaborations, tech adoption, and serve as a platform for forging of business opportunities. Entry is free, and the exhibition will be open to visitors from 10 a.m. to 6 p.m. for all three days. IT and Industries Minister D. Sridhar Babu is scheduled to inaugurate the expo. 'This year's edition will be larger, more diverse and impactful,' FTCCI President Suresh Kumar Singhal said. The Union Ministry of MSME, The Telangana government, NITI Aayog's Invest India, IT industry body NASSCOM, tech startup incubator T-Hub, NSIC, T-Works, TGREDCO, Atal Incubation Centre, and RICH are supporting the expo, FTCCI said in a release on Monday.
