2 months ago
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Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka, connected Friday, said that assorted planetary companies and reputed institutions person shifted their investments to Telangana connected the backmost of the value the State gives to industries.
Presenting the 2026-27 Budget, the Finance Minister said this citing aggregate programmes and mechanisms the State authorities had initiated to accelerate concern development. Formation of the SPEED oregon Speed Proactive Efficient and Effective Delivery part nether the Chief Secretary was 1 with its mandate to instrumentality and show the MoUs entered into by the State authorities with companies.
Mr. Vikramarka, who announced a Budget allocation of ₹3,490 crore for Industries successful the speech, said concern sector’s publication to the GSDP totalled ₹3,04,217 crore. Telangana’s Gross State Domestic Product (GSDP), astatine existent prices, successful 2025-26 was ₹17,82,198 crore.
Exports from Telangana person reached ₹1,61,843 crore, helium said, adding that aerospace and defence sectors play a important role, contributing astir 30% of full exports. “It is simply a substance of pridefulness that the Central authorities has recognised Telangana arsenic a Top Achiever successful Ease of Doing Business levels,” the Finance Minister said.
Touching connected a fewer different programmes being implemented successful the State, including the Raising and Accelerating MSME Performance (RAMP) inaugural to beforehand women entrereneurship, helium said that WE-Hub is supporting much than 700 women entrepreneurs crossed each 33 districts of the State and contributing to their holistic development.
Industrial hub successful Kodangal
The occidental portion of Telangana, particularly Kodangal area, is acceptable to look arsenic a large concern hub successful coming years. As a measurement towards this, the authorities has drawn up plans to excavation onshore for ample concern parks adjacent the upcoming Radial Road-II. Alongside this, the Kodangal Multipurpose Industrial Park (MPIP) volition besides beryllium developed, helium said.
Mr. Vikramarka said the State authorities with the practice of the Centre is processing the Zaheerabad Industrial Smart City project. It is being implemented implicit an grade of 3,245 acres arsenic portion of the National Industrial Corridor Development Programme.
On the investments flowing into the State, helium said that the 23rd BioAsia league present past period witnessed investors expressing involvement successful making investments totalling ₹1,700 crore.
