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New Indian Express
6 days ago
- Business
- New Indian Express
We should attract new industries, provide jobs to youth, says Telangana Minister Sridhar Babu
HYDERABAD: The state should attract new industries and provide employment to youth — this is the firm commitment of our government, said IT & Industries Minister Duddilla Sridhar Babu. During a meeting with the representatives of several industrial associations, including CII, FICCI, FTCCI, ALIP, TIF, TOPMA and TS TMA, held at the Secretariat on Wednesday, Sridhar Babu said: 'We stand by the industrialists contributing to the state's progress. We have no intention of burdening them under the guise of laws and regulations. We will safeguard every industry in the state. We will support the MSME sector, which is the backbone of the state's economy and also protect the welfare of the workers.' He said that the state government would take suggestions from all quarters for the state's development as it was committed to implementing them. He said that the government was committed to industrial development and resolved to make industries partners in the development. Sridhar Babu claimed that Telangana became a role model for other states in industrial growth. Under the leadership of Chief Minister A Revanth Reddy, Telangana has attracted more than Rs 3 lakh crore worth investment proposals in just one-and-a-half years, he said. 'Over one lakh jobs have been created in the private sector. However, parties like BRS and BJP are spreading false propaganda that industries were moving out of the state,' he lamented. The minister briefed the representatives on the new investments the state attracted and explained the measures being taken to promote industrial development. Telangana Minimum Wages Advisory Board chairman B Janak Prasad, IT & Industries Special Chief Secretary Sanjay Kumar and Labour department principal secretary Dana Kishore were present on the occasion.
New Indian Express
18-07-2025
- Business
- New Indian Express
CM Revanth seeks speedy approval for semiconductor projects in Telangana
HYDERABAD: Chief Minister A Revanth Reddy on Thursday requested Union Minister for IT and Railways Ashwini Vaishnaw to expeditiously approve the semiconductor projects in Telangana. He also urged the Union minister to approve the proposed Advanced System in Package Technologies (ASIP) project and Micro LED Display Fab Project Crystal Matrix as Telangana is already equipped with world-class infrastructure and has a conducive environment for innovations, state-of-the-art, world-class research and development centres. The chief minister, accompanied by IT & Industries Minister D Sridhar Babu and Irrigation Minister N Uttam Kumar Reddy, met Ashwini Vaishnaw at Rail Bhavan in Delhi. During the meeting, the CM brought Telangana's request for the establishment of a high-tech electronics park at Mucherla in Rangareddy district under the EMC 2.0 scheme to the Union minister's notice and urged him to set up a new electronic manufacturing park near the Regional Ring Road (RRR). Meanwhile, appealing to the Railway minister to give permission for new projects to increase railway connectivity in Telangana, the CM said that the Regional Ring Rail project has been proposed parallel to the Regional Ring Road. Since the Railway Board has already given permission for the final location survey, he sought approvals for the `8,000 crore Regional Ring Rail project. The CM briefed the Union minister on the benefits of the Regional Ring Rail, which will increase connectivity between rural and urban areas and reduce traffic congestion at major stations in Hyderabad city. The Regional Ring Rail project will also reduce rural poverty and improve employment opportunities in urban areas, he added.
New Indian Express
27-06-2025
- Business
- New Indian Express
Minister Sridhar Babu lays stone for Rs 45 crore road-widening work in Hyderabad
HYDERABAD: IT & Industries Minister D Sridhar Babu on Thursday laid the foundation stone for the road-widening project from NH-65 to Ameenpur, taken up at a cost of Rs 45 crore. Calling it a key initiative under the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) project, the minister said the Rs 7,032 crore initiative aims to ease traffic, reduce travel time and improve connectivity through new flyovers, underpasses and wider roads. 'This project reflects Chief Minister A Revanth Reddy's vision to make Hyderabad a national model for urban development,' he said. 'With the city's population growing rapidly, such interventions are crucial to easing urban pressure and ensuring a high quality of life for citizens,' he added. The minister also stressed the importance of sustainable infrastructure. He announced the rollout of 1,000 electric buses under TGSRTC, with another 800 under consideration. EV charging stations and AI-enabled traffic signals will be introduced to promote green mobility and enhance pedestrian safety, he added.
New Indian Express
14-06-2025
- Business
- New Indian Express
Telangana's GDP hits Rs 16.12 lakh crore, outpaces national growth rate
HYDERABAD: Telangana's GDP has reached Rs 16.12 lakh crore, growing at a rate of 10.1%, surpassing the national average, said IT & Industries Minister D Sridhar Babu. Extending an invitation to global stakeholders to partner with Telangana, during the Global Leaders' Summit 2025 organised here on Friday, he said that the state has demonstrated remarkable progress. 'Many expressed doubts over the formation of a separate state. Today, Telangana is not only a reality but it has become unstoppable.' 'The state's per capita income stands at Rs 3.79 lakh nearly 1.8 times the national average. In the past 18 months alone, the state attracted investments exceeding Rs 3 lakh crore. The life sciences sector has alone attracted Rs 40,000 crore, creating over two lakh new jobs. The services sector now contributes 66.3% to the state's GDP, compared to the national average of 55%,' he explained.
New Indian Express
15-05-2025
- New Indian Express
CM Revanth Reddy to inaugurate Saraswati Pushkaralu in Bhupalpally
HYDERABAD: Chief Minister A Revanth Reddy will formally inaugurate the Saraswati Pushkaralu at Triveni Sangamam near Kaleshwaram in Bhupalpally district on Thursday. This will be the first celebration of the Saraswati Pushkaralu since the formation of Telangana state. The Pushkaralu is observed when Jupiter enters the Gemini zodiac sign, which occurred at 10.35 pm on Wednesday. The chief minister is scheduled to inaugurate the Saraswati bathing ghat at 5.44 am and take a ceremonial dip. Toguta Ashram pontiff Madhavananda Saraswati and other spiritual figures are expected to attend. The 12-day religious event will include daily yagas from 8.30 am to 11 am at Triveni Sangamam and Saraswati Navaratna Mala Harati from 6.45 am to 7.35 am each day at the Saraswati ghat. Authorities have set up temporary tents and made other arrangements for pilgrims. Cultural programmes are planned for the evenings. At Kaleshwaram, the Pranahita and Godavari rivers converge, with the Saraswati river considered an antarvahini (invisible river). Arrangements have been made at bathing ghats for rituals such as Pinda Pradanam. Around 50,000 devotees are expected to participate daily between May 15 and May 26. Endowments Minister Konda Surekha released a poster by the Telangana Pollution Control Board on Wednesday to promote environmental awareness during the festival. She highlighted the importance of avoiding single-use plastics, washing clothes in the river, and improper waste disposal to prevent pollution and related health issues. She also encouraged the use of public transport. IT & Industries Minister D Sridhar Babu invited the public via social media to participate in the festival, describing it as both a spiritual and cultural gathering. His message included the hashtags #SaraswatiPushkaralu2025, #Kaleshwaram, #DSB, and #TelanganaPushkaralu.
