Telangana, the youngest state of India, has been making significant strides in various sectors since its formation in 2014. With a clear vision and strong determination, the state has been working towards achieving its goal of becoming a leading global investment destination. Recently, Telangana showcased its ”Rising 2047” vision, life sciences policy, and manufacturing roadmap to attract global investments across sectors. This move has not only garnered attention but has also laid the foundation for a bright and promising future for the state.
The ”Rising 2047” vision of Telangana aims to make the state a global leader in terms of economic growth, social development, and environmental sustainability by the year 2047, which marks the centenary of India’s independence. The vision is a testament to the state’s commitment to creating a better future for its citizens and becoming a role model for other states in the country. Telangana’s impressive growth rate of 10.5% in the last four years is a clear indication that the state is on the right path towards achieving its vision.
In line with its vision, Telangana has also announced its new life sciences policy, which focuses on making the state a hub for life sciences research, innovation, and manufacturing. The policy aims to attract investments of over USD 3 billion and create job opportunities for 50,000 people in the next five years. With its world-class infrastructure and skilled workforce, Telangana is well-equipped to become a leader in the life sciences sector. The state has already attracted major investments from global giants such as Novartis, GlaxoSmithKline, and Biological E, among others.
Furthermore, Telangana’s manufacturing roadmap is another step towards achieving its goal of becoming a preferred investment destination. The state has identified nine focus sectors, including aerospace and defense, pharma and biotech, information technology, and textiles, among others, to drive its manufacturing growth. The roadmap aims to attract investments of USD 8 billion and create 2.5 lakh jobs in the next five years. With its investor-friendly policies and ease of doing business, Telangana has already emerged as a preferred destination for manufacturing companies.
The Telangana government’s efforts to attract global investments have been well-received by the business community. The state’s proactive approach, coupled with its investor-friendly policies, has created a conducive business environment, making it an attractive destination for investors. The government’s focus on infrastructure development, skill development, and ease of doing business has made it easier for companies to set up their operations in the state.
In addition to its economic growth, Telangana has also been making significant progress in social development. The state government’s various welfare schemes, including Rythu Bandhu, Kalyana Lakshmi, and Aasara, have improved the lives of its citizens. The state has also been at the forefront of promoting gender equality and women empowerment, with initiatives like the SHE Team and the Women Entrepreneurship Hub. These efforts have not only improved the standard of living but have also created a positive impact on the overall development of the state.
Telangana’s Rising 2047 vision, life sciences policy, and manufacturing roadmap have not gone unnoticed by the global community. The state has been receiving accolades and recognition from various international organizations for its achievements. Recently, Telangana was ranked as the best state for ease of doing business in India by the World Bank. The state has also been recognized as the best-performing state in the country in terms of infrastructure development by the NITI Aayog.
In conclusion, Telangana’s ”Rising 2047” vision, life sciences policy, and manufacturing roadmap are a testament to the state’s commitment to creating a bright and prosperous future for its citizens. The state’s focus on economic growth, social development, and environmental sustainability has laid a strong foundation for its journey towards becoming a global investment destination. With its proactive approach, investor-friendly policies, and impressive growth rate, Telangana is well on its way to achieving its vision of becoming a leader in various sectors by 2047. The state is a shining example of what can be achieved with a clear vision, determination, and the right policies in place.
