Telangana’s thriving industrial landscape witnessed an influx of Rs 2,60,028 crore in investments from 2014 to 2023, driven by the state’s robust industrial policy, TSiPASS. The State At a Glance 2023 report, released by the new government, highlights the creation of 17.54 lakh jobs through these investments. The Telangana State Industrial Project Approval and Self Certification System, a groundbreaking initiative, played a pivotal role in facilitating investments and expediting industrial approvals.
As the new government takes charge, its focus on industrial growth, particularly in the Micro, Small & Medium Enterprises (MSMEs) sector, is evident. Minister for Industries D Sridhar Babu and Chief Minister A Revanth Reddy are spearheading initiatives to foster a conducive investment ecosystem, continuing the positive trajectory set by the previous administration. The commitment to a new MSME policy and the continuation of key policies like Life Sciences and e-mobility valley underscore Telangana’s dedication to sustained economic growth.
The state’s economic diversity is highlighted by its sector-wise contributions, with services leading at 63%, followed by manufacturing at 17%, and agriculture at 21% in 2022-23. Telangana’s FDI inflows showcase its appeal, experiencing a 61% YoY increase in Q1 2023, despite a slight dip in total FDI for 2022-23.
Key sectors contributing to Telangana’s economic prowess include:
Bu hikaye Manufacturing Today dergisinin February 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Manufacturing Today dergisinin February 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Innovate & integrate
The recently concluded roundtable on ‘Manufacturing Reimagined: A digital Leap with ServiceNow' focused on the role of digital transformation in manufacturing and supply chain management, emphasising the integration of digital technologies to enhance operational efficiency, sustainability, and business growth.
India's path to global semiconductor dominance
In conversation with Ashok Chandak, President IESA and Dr V Veerappan, Chairperson, IESA
Hydrogen: A catalyst for decarbonisation
Hydrogen is gaining momentum as a versatile solution with the potential to decarbonise various sectors. Exploring the current state of hydrogen, challenges and prospects that lie ahead.
Al's silent cyber attack
Take a sneak peek into the escalating threat of AI-driven cyber-attacks, along with the intricate challenges and imperative strategies in safeguarding against digital invasions.
Revolutionising energy efficiency
Effective electric motor rewinding practices are vital for enhancing energy efficiency and mitigating carbon emissions.
BEYOND TRACKS
From high-speed trains, metros, monorails, to turnkey systems, services, infrastructure, signalling and digital mobility, Olivier Loison, Managing Director of Alstom India delves into the company's century-old legacy and its stride towards the future.
Enhancing asset management with forefront RFID technology
Track, manage and monitor inventory of high-value assets using Zebra Integrated RFID technology to optimize workflow.
The role of robotics, automation & network integration
There is a symbiotic relationship between robotics, automation, and network technology. With the Internet of Things projected to exceed 25 billion devices, the integration of cutting-edge robots into interconnected systems is rapidly becoming a reality.
Pune Machine Tool Expo and FACTEQ 2024 to propel manufacturing progress in India
The four-day event featured around 230 exhibitors
UltraTech Cement's ₹800 crore investment
UltraTech's board greenlights capacity expansion at the Parli facility by 1.2 million tonnes