Hyderabad: With an intention to decentralise industrial development in the state and not confine it to only Hyderabad and surrounding areas, the govt said a mega master plan for 2050 was proposed. It also mentioned that greenfield cluster development would be taken up in the erstwhile Rangareddy and Mahabubnagar districts.
As part of this initiative, the govt is establishing sector-specific industrial clusters across Telangana in key industries such as IT, pharmaceuticals, healthcare, food processing, sports, automobiles, garments, metalware, handlooms, and jewellery manufacturing, among others. These clusters will drive economic expansion, job creation, and infrastructure development throughout the state.
Apart from this, the Hyderabad-Warangal Industrial Corridor along both sides of NH 163 is being established, creating a strategic growth corridor that will attract investments and boost regional industrialisation, the govt said in the budget presentation. In the budget, the govt proposed Rs 3,527 crore for the year 2025-2026 for industries.
“To strengthen Telangana’s position as a global pharmaceutical and life sciences hub, the govt plans to establish Greenfield Pharma Clusters in the Rangareddy and Mahabubnagar districts. These clusters will be equipped with world-class infrastructure, providing essential support for pharmaceutical, biotech, and life sciences companies to scale up their operations. The Pharma City will serve as a dedicated hub for the production of antibiotics, synthetic drugs, vaccines, nutraceuticals, herbal medicines, and cosmetics-related products,” the govt said.
The state govt is planning to develop greenfield clusters at Lagacherla and Hakimpet areas in Vikarabad district. Apart from this, the govt said it would allocate 5% of plots in new industrial parks to women entrepreneurs and 15% to SC/ST entrepreneurs. Additionally, SC/ST entrepreneurs will receive a land cost subsidy of up to 50%, subject to a maximum limit of Rs 50 lakh, to encourage their participation in the industrial sector.
To further support private factory complexes, the govt is offering stamp duty reductions, electricity tariff concessions, and land cost subsidies. To help industries overcome financial challenges, a Capital Investment Subsidy Scheme was introduced, ensuring greater access to funding and fostering sustainable industrial development.