Hyderabad, Feb 24 (TNT): Telangana will soon introduce Ease of Doing Business 2.0 as part of its strategy to position the State as a preferred global investment destination, IT and Industries Minister D. Sridhar Babu said here on Tuesday.
Speaking after inaugurating the Growth X 2026 conference organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) here, Sridhar Babu said the new policy would be formulated through stakeholder consultations to accelerate industrial growth, strengthen investor confidence, and provide greater assurance to investors.
He said the government has prepared Telangana Vision 2047 to guide long-term economic expansion, adding that the State, currently a $200-billion economy, aims to grow to $1 trillion by 2034 and $3 trillion by 2047.
To ensure balanced regional development, the government has adopted a three-pronged strategy — CURE, PURE and RARE — to bring all regions, from urban centres to rural areas, onto the growth path.
Highlighting emerging trends, Sridhar Babu said artificial intelligence and Industry 5.0 are reshaping business and work culture, and stressed that future competitiveness would depend on strong ecosystems.
The government intends to function as a collaborative partner with industry rather than merely a regulatory authority, the Minister added.
Among those who present at the event were BJP State president Ramchander Rao, FTCCI president R. Ravi Kumar, Asian Institute of Gastroenterology and AIG Hospitals Chairman Dr. D. Nageshwar Reddy, representatives of Skyroot Aerospace, and Growth X 2026 convener Pankaj Diwan.
TNT TS
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