1 week ago

Telangana Bets on Talent and Technology for Manufacturing Growth

Telangana wants to grow by combining technology, skilled workers and manufacturing.

Minister D. Sridhar Babu says the state should make more valuable products instead of only providing services.

Hyderabad has attracted many global company research and engineering centres.

These centres work on products such as chips, artificial intelligence and robotics.

The state hopes AI will make factories faster, cheaper and better.

Telangana is also training students and workers for future jobs.

It is building new infrastructure and promoting greener development.

The state wants to become a $1 trillion economy by 2030 and a $3 trillion economy by 2047.

Its leaders say government should help businesses innovate rather than only regulate them.

Key facts

Export growth: Telangana’s exports rose 191% between FY18 and FY25 and 160% between FY20 and FY25, according to a Business Today study.
GCC expansion: Hyderabad attracted more than 150 GCCs over the past 30 months, creating 150,000 high-value direct jobs and more than 600,000 indirect jobs.
GCC share: Nearly 46% of India’s greenfield GCCs chose Telangana, according to the minister.
Economic targets: Telangana aims for a $1 trillion economy by 2030 and a $3 trillion economy by 2047.
Talent base: The state has more than 1,500 technology companies, nearly 300,000 AI professionals and over 50,000 chip designers.
AI education: Nearly two million government-school students are being introduced to AI with support from more than 28,000 teachers.
Infrastructure spending: Telangana says it is investing nearly $15 billion in strategic infrastructure.
Sustainability: The state has nearly 1.7 billion square feet of registered green-building space, while Bharat Future City is being developed as a net-zero city.

businesstoday.in · 1 week ago