Latest update: February, 2016
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 2014-15, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 13.47 per cent to US$ 71.1 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 13.42 per cent to US$ 62.7 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:
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.
In 2014, the state government announced that it will set up super speciality hospitals in each district of Telangana. The government has announced an investment of US$ 16.58 billion for the establishment of these hospitals till 2019.
Telangana government also released a Solar Power Policy 2015 to promote regionalised and dispersed generation of solar energy.
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