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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's wants PM to fast-track approvals for Metro, projects & investments
Hyderabad: In a one-on-one meeting with Prime Minister Narendra Modi in Delhi on Saturday, chief minister A Revanth Reddy urged him to approve a dedicated channel for Telangana to attract global investments and boost exports. He also requested the issuance of a notification for the Hyderabad-Bengaluru defence corridor, support for defence and aerospace projects, approval to include Telangana in India's Semiconductor Mission, and the Union Cabinet's approval and funding for Hyderabad Metro Rail expansion, the regional ring road, and the dry port greenfield corridor with dedicated railway lines. Revanth presented a list of key projects being undertaken in Telangana during his meeting with PM Narendra Modi, following the NITI Aayog meeting in the national capital. The CM requested the PM to expedite and give cabinet approval for the Hyderabad Metro rail phase-II project with five new corridors (76.4 km), estimated to cost 24,269 crore. Telangana govt submitted Phase-II proposals to the Union housing and urban affairs ministry (MoHUA) on Nov 4, 2024. Telangana govt has also replied to clarifications sought by the ministry. "Instruct MoHUA to expedite and give cabinet approval for the Hyderabad Metro phase-II project," the CM urged the PM. Revanth also requested Modi to give financial and cabinet approval to both the southern and northern corridors of the Regional Ring Road (RRR) project. He also urged for the Centre's green signal to lay a railway line around RRR and another dedicated rail line along the greenfield expressway from the dry port near Hyderabad to Rajahmundry seaport in AP. Stating that Telangana was fully aligned with India's Semiconductor Mission (ISM) and aims to be a premier hub for advanced semiconductor and electronics manufacturing, the CM sought the intervention of the PM to secure ISM project for Telangana. "This will strengthen investor confidence and align with India's goal of $500 billion electronics production by 2030," he added. While requesting support for the defence and aerospace projects, both PSUs and private sector JVs, Revanth sought fast-track approvals for defence JVs. The CM asked the PM for a dedicated approval channel to attract global investments and boost exports and urged him to ensure that a notification was issued for the Hyderabad-Bengaluru defence corridor for parity in support. Industries were encouraged towards UP, Tamil Nadu, Gujarat, and Andhra Pradesh, as against mature and rich ecosystems such as Hyderabad and Bengaluru, Revanth added.
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.
New Indian Express
24-05-2025
- Business
- New Indian Express
CM Revanth to highlight Telangana Rising vision
HYDERABAD: Chief Minister A Revanth Reddy left for Delhi on Friday evening to participate in a Niti Aayog meeting, scheduled to be held in the capital on Saturday. A chief minister from Telangana will be attending a Niti Aayog meeting after a gap of seven years. In 2018, the then CM K Chandrasekhar Rao attended the meeting. On Saturday, Revanth will be having a breakfast meeting and a group photo session with Prime Minister Narendra Modi and chief ministers of other states. According to sources, Revanth will unveil 'Telangana Rising 2047' vision during the meeting. The vision document will highlight Telangana's goals, policies, governance and assistance needed from the Centre for the development of the state. It may be recalled that the Revanth government vowed to achieve a USD1 trillion economy. The chief minister will explain the basic amenities being provided by the state government to attract investments and the efforts being made by his government for further development of IT and pharma sectors, sources added. They further revealed that the chief minister's address at the Niti Aayog meeting would also touch upon the Regional Ring Road (RRR) project, radial roads, dry port, Young India Sports University, Young India Skill University, upgradation of ITIs into ATRs and skill development programmes. Implementation of crop loan waiver scheme, bonus for paddy, distribution of fine variety of rice through public distribution system, plans to make one crore women crorepatis, free bus travel for women, free power up to 200 units and supply of domestic gas refill for Rs 500 will also be highlighted by the chief minister.
The Hindu
23-05-2025
- Business
- The Hindu
Revanth Reddy to be first Telangana CM to attend NITI Aayog meeting since 2018
Chief Minister A. Revanth Reddy would attend the NITI Aayog Governing Council meeting in New Delhi on Saturday (May 24, 2025), marking the participation of Telangana Chief Minister in the council for the first time since 2018. Prime Minister Narendra Modi would chair the meeting, which would be held at Bharat Mandapam in Delhi's Pragati Maidan and centres on the theme 'Vikasit Rajya for Vikasit Bharat.' Mr. Reddy would depart from Hyderabad for the national capital on Friday evening. Ahead of the session, he is likely join Prime Minister Modi and other State Chief Ministers for a breakfast meeting and a group photo event at the venue. Vision Telangana Rising 2047 to be unveiled Sources in the Chief Minister's Office said that during the council meeting, Mr. Reddy would unveil the 'Telangana Rising 2047' vision. This comprehensive roadmap outlines the State's ambition to become a $1 trillion economy. The plan emphasizes investment, infrastructure development, and inclusive growth. He would present Telangana's goals, policy priorities, and governance strategies, calling for enhanced central support for State development. He is likely to focus on Telangana's achievements in IT, pharma, and urbanisation, as well as major projects such as the Regional Ring Road (RRR), radial roads, the proposed dry port, and the establishment of Young India Sports and Skills Universities. Welfare measures to be detailed The Chief Minister would also detail several welfare measures, such as loan waivers for farmers, ₹500 bonus for paddy, fine rice through the Public Distribution System, free electricity up to 200 units, gas cylinders at ₹500, and free bus travel for women. Social empowerment will be another focal point. Mr. Reddy is expected to discuss the Telangana Assembly's resolution supporting 42% reservation for Backward Classes based on the Social Education Employment Economic Political Caste (SEEEPC) Survey taken up in Telangana.
