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Hans India
3 days ago
- Business
- Hans India
Telangana will be a $3 trn economy by 2047: Revanth
Hyderabad: Chief Minister A Revanth Reddy has asserted that Telangana will be playing a pivotal role in the nation's economic growth, considering that the state is now in a mission mode to become a $ 3 trillion economy by 2047. As part of the Telangana Formation Day celebrations on Monday, Revanth Reddy hoisted the tricolour at the Parade Grounds, after paying tributes to Telangana martyrs. Addressing the gathering later, he reiteratad Telangana Raising – 2047 action plan and said that the State government was not only promoting the State as one that would become a $1 trillion economy over the next 10 years, but also as one that would become a $3 trillion economy by 2047. 'Telangana Raising is regarded as the main instrument to achieve robust growth. The government has formulated plans to develop Telangana as the number one developed state in the country as well as in the entire world,' he said, while exhorting everyone's contribution to him in delivering transparent administration and ensuring comprehensive development of the state. The Chief Minister recalled how Telanganites had struggled for decades to achieve statehood for the larger purpose of attaining emancipation, freedom, and equal opportunities. However, their aspirations remained unfulfilled despite the lapse of 10 years after the formation of Telangana state. 'Vexed Telangana people dethroned the dictatorial rule and gave a big mandate to the progressive People's government,' he said in a veiled reference to the previous BRS regime. Revanth Reddy underscored the role of women and said that the state government already unveiled plans to make one crore women as millionaires and introduced the Indira Mahila Shakti scheme for the economic empowerment of the women community. He said for generating employment opportunities for youth, the Young India Skills University was established for development of skills among the youth and added that a Sports University would be opened soon to train youth as talented sportspersons could win Olympic medals. Revanth Reddy said that the government had formulated plans to develop Future City in over 30,000 acres with state- of-the-art facilities. AI City, Pharma City, Sports City, Life Sciences and Health City were also being developed, he added. The Future City Development Authority had been constituted to take up such big projects. On housing to the poor, the Chief Minister outlined the government's initiatives and said that the government was extending the Rs 5 lakh scheme benefit to beneficiaries under the Indiramma Housing scheme. 'The government is heading fast to construct 4.50 lakh Indiramma Houses with an outlay of Rs 22,500 crore. Rs one lakh scheme benefit had been disbursed to beneficiaries based on the status of the house construction. Rs 53.64 crore had been deposited in 5,364 beneficiaries' bank accounts until May 20 this year,' he mentioned. Revanth Reddy said that the government was moving fast to promote the youngest state of Telangana as the best destination for global investments. 'We have achieved a remarkable milestone in attracting investments from global giant companies during my Davos, Singapore and Japan visits. State government inked agreements with various companies for more than Rs 3 lakh crore investments. IT giants like Google, Microsoft, Cognizant and HCL are already expanding their operations in Hyderabad. This could be the first stepping stone under the Telangana Raising,' he added. On the occasion, the Chief Minister presented cash awards of Rs 1 crore each to nine eminent personalities for their contributions to the Telangana movement. Amongst the recipients include balladeer Gaddar, poet-singer Guda Anjaiah, and revolutionary poet Bandi Yadagiri. Their family members received the award posthumously. Among other recipients were artistes Ande Sri, Suddala Ashok Teja, Jayaraj, Ekka Yadagiri Rao and Pasham Yadagiri (senior journalist). Noted poet and singer Goreti Venkanna, was represented by his daughter at the ceremony, as he is currently on a foreign tour. The Kaloji Award was given to poet Nalimela Bhaskar for his contributions to literature.
Time of India
13-05-2025
- Business
- Time of India
Telangana has emerged as numero uno state in country: CM A Revanth Reddy
HYDERABAD: With over Rs 3 lakh crore investments in the bag since Dec 2023, including Rs 1 lakh crore investments this year alone, Telangana has emerged as the numero uno state in the country in international and domestic investments, chief minister A Revanth Reddy said on Monday. "We are the number one state in India in investments, managing inflation, tax collection, creating jobs, in policy and law & order. We are doing India's largest entrepreneur funding and monitoring programme empowering 66 lakh women through self help groups," the CM said. "During my trips to the World Economic Forum at Davos, and investor meets in the US, South Korea, Japan and Singapore we have convinced the world that Telangana means business," Reddy said while inaugurating Sonata Software 's new facility spread over 2 lakh sq ft with a capacity to accommodate around 2,000 techies. On critical infrastructure, he said Telangana is building a dry port and connecting it to seaports in Andhra Pradesh through a dedicated rail and road corridor. "We are building India's most planned city within Hyderabad called Future City. An AI City will be part of it. We are building the Young India Skills University and Young India Sports University," he said. IT & industries minister D Sridhar Babu said with AI becoming a buzz word, Telangana govt is coming up with an AI City in which companies like Microsoft have already evinced interest in setting up facilities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos 33 Bridges Undo H e said by June-July this year, the Telangana govt is also coming up with an AI University aimed at skilling and reskilling talent as part of plans to make the state and Hyderabad a hub for global value centres and not just global capability centres as it is no longer about low labour cost arbitrage. "We have to create value here and try to sell our products abroad instead of just doing back end work for companies," he said. Sami Dhir, managing director & CEO of Sonata Software, said the Bengaluru headquartered modernisation engineering company plans to ramp up its Hyderabad headcount to over 5,000 techies over the next three to five years. He said the teams at the Hyderabad facility will focus on building capabilities around technologies such as AI, Data and Cloud. Sonata Software, which has a global headcount of around 7,000, houses around 2,000 techies in Hyderabad and 3,500 techies in Bengaluru in addition to other centres like Chennai. "We have ramped up our presence in Hyderabad from around 700 to around 2,000 over the past few months and are open to acquiring more space to increase the numbers to 5,000 in three to five years," Dhir said.
The Hindu
26-04-2025
- Politics
- The Hindu
Be ambassadors of Telangana's greatness: CM
HYDERABAD Chief Minister A. Revanth Reddy called on the delegates of the Bharat Summit 2025 to share their experiences, knowledge and skills, with the State government and also act as 'Telangana Rising' brand ambassadors. He urged them to showcase the greatness of Telangana to the world, stating that his government (people's government) is striving to fulfil the aspirations of all sections of society, including students, youth, farmers, women, and marginalised communities. Addressing the valedictory session of the summit here on Saturday, Mr. Reddy said that people of Telangana had suffered a lot under the rulers of united Andhra Pradesh, and struggled for the creation of a new State. However, the aspirations of people had not been fulfilled despite their active role in the formation of the State. Mr. Reddy also explained the initiatives taken by his government, including waiving off ₹20,617 crore farm loans for 25.50 lakh farmers, providing free electricity, ₹12,000 Rythu Bharosa (input subsidy), and ₹12,000 per year for landless farm labourers. He also emphasised the need for skill development courses and mentioned the establishment of Young India Skills University to hone the skills of unemployed youth. People-centric policies The Chief Minister recalled people-centric policies adopted under Congress Prime Ministers, including Jawaharlal Nehru's focus on irrigation and education, Indira Gandhi's efforts to eradicate poverty, and the contributions of Rajiv Gandhi, P.V. Narasimha Rao, and Manmohan Singh to global technological revolutions. Deputy Chief Minister Mallu Bhatti Vikramarka said that the presence of 450 delegates at the Bharat Summit provides a perfect platform to learn and imbibe the principles of global justice and peace, in line with Rahul Gandhi's vision of 'Nyay' (Justice).
