Sridhar Babu@Davos urges global giants to invest in Telangana

HYDERABAD: IT and industries minister Duddilla Sridhar Babu urged global industry giants to invest in the state and partner in its ‘Telangana Rising’ vision. Inviting top honchos of global biggies to leverage Telangana’s strengths and actively participate in its growth journey, he said the state offers a highly conducive, policy-driven ecosystem for industrial development.He said this on Tuesday during the inauguration of the India Pavilion at the World Economic Forum (WEF) annual meeting at Davos.Pitching Telangana as a state that emerged as a role model in ease of doing business (EoDB), he told leading corporate honchos and other stakeholders that the state offers a highly conducive, policy-driven ecosystem for industrial development.Sridhar Babu said the state government set an ambitious target of increasing its contribution to India’s GDP to $3 trillion by 2047, backed by the state government’s approach of not waiting for the future but building it instead.Talking about the ‘Telangana Rising’ vision document, he said it prioritises key growth-driving sectors such as life sciences, which includes pharma and biotech as well as healthcare innovation, electronics, semiconductors, hardware manufacturing, IT/ITeS, aerospace and defence, textiles and apparel, food processing, agri-based industries, renewable energy, and green technologies.Pointing out that over the past couple of years Telangana successfully mobilised investments of around Rs 2.5 lakh crore, Sridhar Babu said the state government is keen to attract new industries that create large-scale employment opportunities for the state’s youth, leveraging its industry-friendly and growth-oriented policies.