Telangana state was formed in June 2014 post the split of erstwhile Andhra Pradesh. The earlier capital city of Hyderabad is part of Telangana. The state holds an advantage as it possesses readymade capital with necessary infrastructure and ecosystem.
Between 2004-05 and 2015-16, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 14.49 per cent to US$ 89.1 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 14.79 per cent to US$ 81.13 billion.
The Telangana State Industrial Infrastructure Corporation is responsible for supervision and execution of special economic zones (SEZ) in Telangana.
Some of the major initiatives taken by the government to promote Telangana as an investment destination are:
- Under the Department of Information Technology, Electronics & Communications, the Government of Telangana has introduced Telangana IT Policy, 2016 in April 2016 for the uplifting the performance of the sector in the state.
- The Telanganagovernment has undertaken various steps for renovation and repairing of about 4,000 km roads in the state. Further, for the upliftment of roads and bridges, the state government has proposed an amount of US$ 509.16 million.
- In order to set up thermal power plants of 6,000 MW capacity across the state, the Government of Telangana signed a MoU with Bharat Heavy Electricals, Ltd. during 2015-16. In the state budget for 2016-17, US$ 29.22 million was allocated for development of power sector in Telangana.
- With the launch of the Industrial policy in the state, all clearance certificates are being easily issued to around 1,609 units in the state involving an investment of US$ 5.06 billion.
- In June, 2015, the Government of Telangana introduced a new industrial policy to attract domestic as well as international investments in the industrial sector of the state, with emphasis on core manufacturing sectors.
- The Telangana government plans to promote an industrial corridor between Hyderabad and Warangal, which would also boost employment opportunities in the state.
- The state government is formulating policies and a single window clearance system among others for attracting investments, thereby enhancing the industrial infrastructure in Telangana.
- on 11,000 acres at Mucherla location and is expected to create employment opportunities for 70,000 people.
- The state government recently proposed setting up a separate company named Telangana State Tourism Development Corporation Limited (TSTDC) to promote tourism.
- The state government is in talks with Steel Authority of India (SAIL) for setting up a steel factory involving an investment worth US$ 5 billion on the Khammam-Warangal border.
- Telangana government also released a Solar Power Policy 2015 to promote regionalised and dispersed generation of solar energy.
Telangana State Presentation
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