Industries Dept. gets ₹3,490 cr. allocation in Budget

Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka, on Friday, said that various global companies and reputed institutions have shifted their investments to Telangana on the back of the importance the State gives to industries.

Presenting the 2026-27 Budget, the Finance Minister said this citing multiple programmes and mechanisms the State government had initiated to accelerate industrial development. Formation of the SPEED or Speed Proactive Efficient and Effective Delivery division under the Chief Secretary was one with its mandate to implement and monitor the MoUs entered into by the State government with companies.

Mr. Vikramarka, who announced a Budget allocation of ₹3,490 crore for Industries in the speech, said industrial sector’s contribution to the GSDP totalled ₹3,04,217 crore. Telangana’s Gross State Domestic Product (GSDP), at current prices, in 2025-26 was ₹17,82,198 crore.

Exports from Telangana have reached ₹1,61,843 crore, he said, adding that aerospace and defence sectors play a crucial role, contributing nearly 30% of total exports. “It is a matter of pride that the Central government has recognised Telangana as a Top Achiever in Ease of Doing Business levels,” the Finance Minister said.

Touching on a few other programmes being implemented in the State, including the Raising and Accelerating MSME Performance (RAMP) initiative to promote women entrereneurship, he said that WE-Hub is supporting more than 700 women entrepreneurs across all 33 districts of the State and contributing to their holistic development.

Industrial hub in Kodangal

The western region of Telangana, especially Kodangal area, is set to emerge as a major industrial hub in coming years. As a step towards this, the government has drawn up plans to pool land for large industrial parks near the upcoming Radial Road-II. Alongside this, the Kodangal Multipurpose Industrial Park (MPIP) will also be developed, he said.

Mr. Vikramarka said the State government with the cooperation of the Centre is developing the Zaheerabad Industrial Smart City project. It is being implemented over an extent of 3,245 acres as part of the National Industrial Corridor Development Programme.

On the investments flowing into the State, he said that the 23rd BioAsia conference here last month witnessed investors expressing interest in making investments totalling ₹1,700 crore.