Telangana aims at achieving 3 trillion US dollar economy by 2047: CM Revanth

HYDERABAD: Chief minister A Revanth Reddy has set a new target of making Telangana a three trillion US dollar economy by 2047 for which the state govt will come out with new industrial, infrastructure and investment policies. The first target would be to achieve one trillion US dollar economy in next 10 years and three trillion by 2047, and increase the state’s contribution to the national GDP from the present five per cent to 10 percent.Speaking at the Telangana state formation day celebrations at Parade Grounds, the CM presented the progress report of the 16-month Congress govt and sought the cooperation of IAS, IPS, industrialists, business and other professional sectors to achieve the target of making Telangana number one in the country. He also sought the cooperation of political parties.India is bracing for the centenary celebrations of the country’s Independence in 2047. The state govt is working in a mission mode to ensure that Telangana plays a pivotal role in developing India into a 30 Trillion US dollar economy. “As part of it, the Telangana Rising -2047 action plan has been prepared to promote the state as one trillion US dollar economy in next 10 years and 3 trillion US dollar economy by 2047. Telangana Rising is regarded as the main instrument to achieve robust growth. The government envisaged plans to develop Telangana as the number one developed state in the country as well as in the world. I strongly hope that everyone will support the govt in delivering transparent administration and comprehensive development of the state,” CM Revanth said.While sharing the achievements of the state govt like Rs 20,600 crore crop loans of farmers being waived, nearly 60,000 govt jobs and one lakh in private sector being given to youth, education, energy, tourism and other policies, and numerous other welfare schemes for women, farmers, youth, and other sections of the society, the CM also spoke about the apolitical stand taken by the Congress govt in Telangana for protection and integrity of the country. The Telangana govt extended full support to the union govt and the armed forces of the country after the Pahalgam terrorist attack followed by Operation Sindoor. The govt is moving fast to promote the youngest state (Telangana) as the best destination for global investments. The state govt has already inked agreements with the companies for more than Rs 3 lakh crore investments. IT giants like Google , Microsoft, Cognizant and HCL are already expanding their operations in Hyderabad. This could be the first stepping stone under the Telangana Rising. “Plans are under pipeline to develop Hyderabad on par with other developed metro cities in the world and compete with them. A Future City is also being developed in 30,000 acres with state of the art facilities. AI City, Pharma city, Sports City, Life Sciences and Health City are also being developed, he said.To empower backward communities, 42 percent reservation Bills were passed in the assembly, and SC categorisation was done.