Telangana’s thriving industrial landscape witnessed an influx of Rs 2,60,028 crore in investments from 2014 to 2023, driven by the state’s robust industrial policy, TSiPASS. The State At a Glance 2023 report, released by the new government, highlights the creation of 17.54 lakh jobs through these investments. The Telangana State Industrial Project Approval and Self Certification System, a groundbreaking initiative, played a pivotal role in facilitating investments and expediting industrial approvals.
As the new government takes charge, its focus on industrial growth, particularly in the Micro, Small & Medium Enterprises (MSMEs) sector, is evident. Minister for Industries D Sridhar Babu and Chief Minister A Revanth Reddy are spearheading initiatives to foster a conducive investment ecosystem, continuing the positive trajectory set by the previous administration. The commitment to a new MSME policy and the continuation of key policies like Life Sciences and e-mobility valley underscore Telangana’s dedication to sustained economic growth.
The state’s economic diversity is highlighted by its sector-wise contributions, with services leading at 63%, followed by manufacturing at 17%, and agriculture at 21% in 2022-23. Telangana’s FDI inflows showcase its appeal, experiencing a 61% YoY increase in Q1 2023, despite a slight dip in total FDI for 2022-23.
Key sectors contributing to Telangana’s economic prowess include:
هذه القصة مأخوذة من طبعة February 2024 من Manufacturing Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 2024 من Manufacturing Today.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Precision Revolution
Exploring the fusion of Machine Learning and CAD/CAM Technologies, Shriyal Sethumadhavan delves into the transformative impact of AI integration in manufacturing.
Empowering MSMEs
In conversation with Amit Mande, Chief Revenue Officer, U GRO Capital
Fornnax unveils SR-200 HD recycling innovation
Fornnax Technology continues to expand its portfolio of high capacity lines and debuted an upgraded variant of primary shredder.
Transforming manufacturing and product development
India's manufacturing sector, currently contributing 17% to the GDP, is expected to be one of the key drivers of growth for the country.
Transforming E-commerce: How LLMs are changing visual content
LLMs reshape e-commerce with captivating visuals, balancing benefits and drawbacks of authentic content in the digital retail arena
An intelligent move
Dive deep into the future of manufacturing as we explore the transformative power of intelligent technologies revolutionising the industry.
Meeting India's data centre cooling demands
Schneider Electric inaugurates state-of-the-art cooling factory in Bengaluru
The gender matters of manufacturing
Does the manufacturing industry suffer from a gender gap?
Navigating India's manufacturing landscape
Jibak Dasgupta, Director General and CEO, Indian Machine Tool Manufacturers' Association's view on the influx of investments and the manufacturing landscape
A decade of 'Make in India': The foundation for building a manufacturing powerhouse
As India experiences profound economic growth, it has emerged as the second most sought-after manufacturing destination in the world, contributing 13.9%1 to the economy.