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Hans India
25-07-2025
- Business
- Hans India
Sridhar Babu seeks UAE industrialists' help in realising TG's $3 trillion GSDP dream
Hyderabad: The Minister for IT & Industries D Sridhar Babu urged UAE industrialists to partner and contribute in achieving the vision of achieving a $3 trillion economy for the State. He formally inaugurated the international investment summit titled 'Investopia Global,' jointly organized by the UAE and Telangana Government at HICC. The Minister noted that the state has devised plans to expand dry ports, multimodal logistics parks, and industrial corridors. Net-zero industrial parks, EV zones, green logistics hubs, the Regional Ring Road (RRR), and Metro Phase–2 will give further boost to industrial development. The Future City being developed to global standards will become a world hub for FinTech, Climate Tech, and Smart Mobility innovation. Telangana is witnessing rapid growth in data centers, Global Capability Centers (GCCs), AI labs, and aerospace clusters. 'Though geographically small, Telangana is a state with grand ambition and strong implementation. In a short span, it has risen like a phoenix and emerged as a model in development and welfare for other states. In 2024–25, Telangana recorded a GSDP growth of 8.2%, which is higher than the national average of 7.6%. Telangana's contribution to the national GDP has exceeded 5%,' he explained. Minister elaborated that over the past 18 months, Telangana attracted over Rs 3.2 lakh crore in fresh investments. In the financial year 2024–25, exports from Telangana to the UAE have increased 2.5 times. Pharma, aerospace, digital services, and food processing sectors have played a crucial role. Prominent UAE-based companies like Lulu Group, DP World, and NAFFCO have already made investments in the state. 'This is not just an investment summit—it is a reunion of old friends and a launchpad for the future. Like the UAE, Telangana values time, trust, and transformation. There are vast opportunities in Telangana across AI, emerging technologies, life sciences, green hydrogen, renewable energy, logistics, warehousing, trade infrastructure, food processing, agro exports, aerospace, defence manufacturing, electric vehicles, smart mobility, tourism, wellness, and medical sectors,' he emphasised. The Minister extended a fresh invitation to UAE industrialists to invest in Telangana. UAE Minister of Economy and Tourism Abdullah Bin Touq Al Marri, Telangana IT and Industries Special Chief Secretary Sanjay Kumar, TSIIC MD K Shashank, UAE Ministry of Investment Under Secretary Mohammed Al Wahaibi, UAE International Investors Council Secretary General Walid Hareb Al Falahi, and Investopia CEO Dr Jean Fares were present.
The Hindu
24-07-2025
- Business
- The Hindu
State offers immense growth opportunities, says Minister Sridhar Babu
From emerging technologies, especially artificial intelligence, life sciences, renewable energy, logistics, food processing, aerospace, defence manufacturing to electric mobility, Telangana offers investment opportunities across sectors and industries, IT and Industries Minister D. Sridhar Babu said here on Thursday. The Minister, who was speaking at Investopia Global, said this inviting industrialists from the United Arab Emirates (UAE) to invest in the State. Telangana may be geographically small, but it is a State with grand ambition and lays emphasis on strong implementation. In a short span, it has risen like a phoenix and emerged as a model in development and welfare for other States, Mr. Babu said. In 2024–25, Telangana recorded a GSDP growth of 8.2%, which was higher than the national average of 7.6%. Telangana's contribution to the national GDP has exceeded 5%, the Minister's office said in a release on his address. He sought to highlight the growth potential in the backdrop of the State pursuing the goal of becoming a $3 trillion economy by 2047. In the last 18 months, the State attracted fresh investments worth ₹3.2 lakh crore. Investopia Global was jointly organised by the UAE and Telangana government. Setting up of dry ports, multimodal logistics parks, industrial corridors, net-zero industrial parks, EV zones, green logistics hubs, Regional Ring Road (RRR) and Metro Phase–2 are some of the projects that are expected to further boost industrial development in the State. The government is also set to develop Future City that will become a world hub for fintech, climate tech and smart mobility innovation. Mr. Sridhar Babu also cited the growth in data centres, global capability centres (GCCs), AI labs and aerospace clusters in the State. Investopia Global organisers said the programme seeks to advance UAE-India partnerships in sectors such as agri-tech, AI, defence and tourism in the backdrop of Comprehensive Economic Partnership Agreement UAE and India signed in 2021. Thursday's programme served as a platform for exploring strategic opportunities in research and development, manufacturing, and clinical innovation. The sessions touched on opportunities for cooperation in supporting entrepreneurship ecosystem and startups by relying on venture capital funding and the support provided by accelerators and incubators such as Hub71 and T-Hub.
