Latest news with #TelanganaRising
The Hindu
15-07-2025
- Business
- The Hindu
Taking all efforts to attract firms with China +1 strategy: Telangana CM
The Telangana government is making all out efforts to create the atmosphere, infrastructure and policies required to attract global firms pursuing a China Plus One strategy, Chief Minister A. Revanth Reddy said here on Tuesday. 'We are working hard to create the atmosphere.' he said, seeking to highlight how Telangana by virtue of emerging as a hub for various industries and sectors is well positioned as firms scout for locations globally to diversify their manufacturing beyond China. Speaking at the foundation laying of home grown specialty biopharmaceutical company Ichor Biologics' 1.75 lakh sq ft plant in Hyderabad's Genome Valley, Mr. Revanth Reddy asserted as more and more investors look towards India 'we are here to support'. The global trend is in line with bigger growth ambitions Telangana has set for itself. The State is competing for investments with other countries and not States, the Chief Minister declared, adding stability in policies for industries, including those on incentives and project approvals, remains the hallmark of the State through the regime of TDP, previous Congress and BRS regimes since the 1990s. Apart from accelerating the process of industrial development, his government in the 18 months since assuming office has been instrumental in attracting ₹3.2 lakh crore fresh investments. He also sought to emphasis the role of industries in achieving the Telangana Rising aspirations and goals, including the State shaping into a $1 trillion economy by 2035 and contributing 10% to the $30 trillion economy by 2047 that India has set out to achieve. IT and Industries Minister Sridhar Babu told the gathering the government is working to transform the State into a global hub for life sciences. Life sciences sector in the State recorded an impressive CAGR of 23%, well above the national average of 14% and contribute 2.5-3% to Telangana's GSDP, compared to the national average of 1.5%, underscoring the State's leadership in this space. Citing CBRE Global Life Sciences Atlas 2025, he said Hyderabad has earned a place among the world's leading life sciences clusters alongside Boston, San Francisco, Cambridge and Tokyo. Hyderabad is the first Indian city to feature in this list. In 2024, Life Sciences companies leased 2.4 million sq ft of office space in Hyderabad — up from 1.8 million sq ft in 2023 and 0.6 million sq ft in 2022, reflecting the sector's exponential growth. Speaking on the occasion, Labour Minister Venkat Swamy appreciated Ichor Biologics' leadership for the significant progress the company has made over the years. The company said it was established in 2011 and operationalised in 2013 at Genome Valley and focused on development and commercialisation of high-purity plasma-derived therapeutics. The new facility will employ hundreds of people.
New Indian Express
12-07-2025
- Business
- New Indian Express
CM Revanth Reddy seeks US support for Telangana's 3 trillion dollar economy goal
HYDERABAD: Chief Minister A Revanth Reddy on Friday said that the spirit of Telangana is similar to the ethos of America since both are special in seeking friendship and strengthening the ties. Participating in American Independence Day celebrations here, the CM extended greetings to US citizens. He observed that the world has completely changed after America attained independence. 'America unveiled many positive aspects in front of the world and played a key role as a guide to build a strong democratic world and in providing continuous innovations,' the chief minister said. Revanth also said that about 200 American companies from sectors like IT, pharma, defence, manufacturing and aerospace are already operating in Hyderabad. 'We are trying to further improve trade relations between America and Telangana. Our government is working towards the Telangana Rising vision to achieve $1 trillion economy by 2035 and a $3 trillion economy by 2047,' the CM said, seeking the support of the US to achieve the target. The CM emphasised that the strategic partnership between America and India should continue based on mutual trust and values. Both countries want to have friendly and strong relations with the goal of expanding trade, commerce, investment, democracy and establishing world peace. He hoped for more cooperation in military and space research between the two countries. 'Both countries have set a record in trade related to investments in the technology sector,' Revanth said and added that US Consul General Jennifer Larson was standing as a strong bridge between Telangana and America in strengthening trade relations.
India Gazette
12-07-2025
- Business
- India Gazette
"Our govt working towards "TelanganaRising" vision": CM Revanth Reddy
Hyderabad (Telangana) [India], July 12 (ANI): Telangana Chief Minister Revanth Reddy has said that the spirit of Telangana is similar to the ethos of America since both are special in seeking friendship and strengthening the ties, a release said. Participating in America Independence Day celebrations in Hyderabad on Friday, the Chief Minister extended warm greetings to American citizens. The CM observed that the world has completely changed after America attained independence. America unveiled many positive aspects in front of the world and played a key role as a guide to build a strong democratic world and in providing continuous innovations, the release stated. CM Revanth Reddy pointed out that America has changed the world's perspective in two aspects. Developed country maintained a strong spirit of never accepting defeat. As a strong country, it has always been able to give solutions in a positive way in many issues. On the same lines, Telangana is also seeking friendship and strengthening ties, the release added. About 200 American companies from sectors like IT, pharma, defence, manufacturing, and aerospace are already operating in Hyderabad. The CM said that 'We are trying to further improve trade relations between America and Telangana. Our government is working towards the 'TelanganaRising' vision to achieve a 1 trillion US dollar economy by 2035 and a 3 trillion dollar US economy by 2047', the CM said seeking the USA support to achieve the target. Many students from Telangana are also going to America to fulfill their dreams. CM Revanth Reddy hoped that Hyderabad will develop further and bring the best of America to Telangana. He also strongly believed that the theme - 'Unite.. Stronger' will help to grow fast. During the Congress government led by Chief Minister YS Rajasekhara Reddy, the US Consulate General office was established in Hyderabad and started strengthening ties with America, it added. Stating that America displayed a great commitment in improving diplomatic relations with India, the CM said that the friendly relationship between Telugu people and America has become very strong. The Telugu language was also developing rapidly in America. The Chief Minister emphasized that the strategic partnership between America and India should continue at the national level based on mutual trust and values. Both countries want to have friendly and strong relations with the goals of expanding trade, commerce, investment, democracy, and establishing world peace. He stressed more cooperation in military and space research between two countries. Both countries have set a record in trade related to investments in the technology sector. Hyderabad Consul General Jennifer Larson is standing as a strong bridge between Telangana and America in strengthening trade relations, the CM said. (ANI)
The Print
12-07-2025
- Business
- The Print
CM Revanth Reddy pitches for further strengthening of US, Telangana ties
While Hyderabad is home to nearly 200 US companies operating in various sectors, many students from Telangana go to the US to fulfil their dreams, the chief minister pointed out. Speaking at the America Independence Day celebrations here, Reddy said the spirit of Telangana — of not accepting defeat and making a positive difference — is similar to the ethos of the United States. Hyderabad, Jul 11 (PTI) Observing that about 200 American companies are operating in sectors such as IT, pharmaceuticals and defence in Hyderabad, Chief Minister A Revanth Reddy on Friday said his government is working to boost the people-to-people ties and trade relations between Telangana and the US. He said his government is working to strengthen the people-to-people ties between Telangana and the US. The Congress government in the southern state is working towards the 'Telangana Rising' vision to achieve a USD 1 trillion economy by 2035 and a USD 3 trillion economy by 2047, Reddy said, seeking the support of Americans in meeting the target. The friendly ties between Telugu people and the US are very strong, and Telugu is one of the fastest-growing languages in the US, he said. The chief minister further said the US Consulate in Hyderabad, headed by Jennifer Larson, acts as a strong bridge between Telangana and America in strengthening trade relations. PTI SJR AMJ RC AMJ This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
12-07-2025
- Business
- The Print
CM Reddy pitches for further strengthening of US, Telangana ties
While Hyderabad is home to nearly 200 US companies from various sectors, many students from Telangana are also going to America to fulfil their dreams, he said. Speaking at the America Independence Day celebrations here Friday evening, he said the spirit of Telangana is similar to the ethos of America of not accepting defeat and making a positive difference. Hyderabad, Jul 11 (PTI) Observing that about 200 American companies are already operating in sectors such as IT, pharma and defence in Hyderabad, Chief Minister A Revanth Reddy on Friday said the state government is working to boost further people-to-people exchange and trade ties between Telangana and the US. 'We are working to increase our people-to-people exchange to grow America, Telangana businesses,' he said. The state government is working towards the 'TelanganaRising' vision to achieve a USD 1 trillion economy by 2035 and a USD 3 trillion economy by 2047, the CM said, seeking the support of Americans to achieve the target. The friendly ties between Telugu people and America are very strong, and Telugu is one of the fastest growing languages in the US, he said. The CM further said that the US Consulate in Hyderabad, headed by Jennifer Larson, acts as a strong bridge between Telangana and America in strengthening trade relations. PTI SJR AMJ AMJ This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
