Telangana offers full protection to investors, no policy paralysis: CM
The government was ready to extend all necessary support, including land, water, infrastructure and clearances, to facilitate investments, he said.
Speaking after laying the foundation stone and unveiling the campus master plan of the Public Health Foundation of India (PHFI) Institute of Public Health Sciences here on Saturday evening, the Chief Minister said Telangana was targeting a $1 trillion economy by 2034 and a $3 trillion economy by 2047, with an aim to increase the State’s contribution to the national GDP to 10 per cent.
He said education, healthcare, industry and services were the priority sectors and the government was working to transform Telangana into a globally recognised destination for investment, research and education.
The Chief Minister said the government was investing around Rs 12,000 crore in healthcare infrastructure.
The TIMS hospital at Sanathnagar had already been inaugurated, while other TIMS hospitals would become operational shortly, he said a new Osmania General Hospital was also being constructed at Goshamahal.
Referring to the development vision for 2047, he said the government planned to develop areas within the Outer Ring Road (ORR), where around 1.34 crore people lived, as a major services-sector hub by relocating industries outside the ORR.
The proposed Regional Ring Road (RRR) would facilitate manufacturing activities across nearly 10,000 square kilometres. Tenders had been invited for a 160-km stretch of the project, he added.
Nearly 65 per cent of Telangana’s revenue came from areas surrounding Hyderabad, he said, claiming that Rangareddy district had the highest per capita income in the country.
The Telangana Global Summit, scheduled to be held from December 7 to 9, would showcase the State’s investment opportunities to global investors, he said.
Highlighting Hyderabad’s industrial growth, Revanth Reddy said the city had emerged as an important centre for global industries, with components for Rafale fighter jets being manufactured in the GMR industrial zone.
Nearly 40 per cent of the country’s bulk drug production came from Hyderabad, he claimed.
He also referred to the proposed one-billion-dollar investment by global pharmaceutical major Eli Lilly and the establishment of Global Capability Centres by several multinational companies in the city.
The Chief Minister said the government was spending around Rs 2,500 crore annually through Aarogyasri and the Chief Minister’s Relief Fund.
Cancer had been declared a notified disease and patient data was being collected across the State to identify regional health challenges and improve healthcare planning, he said.
Expressing concern over fluoride contamination in Nalgonda district and pollution of the Musi river, he said the problems were adversely affecting public health and stressed the need to clean and rejuvenate the river.
He said institutions such as the Indian School of Business and NALSAR had enhanced Hyderabad’s international reputation and expressed confidence that PHFI would further strengthen the city’s position in public health research and education.
Setting June 2, 2028, as the target for completion of the PHFI project, the Chief Minister assured the institution of comprehensive government support and announced that he would personally serve as its brand ambassador.
