Telangana: Young, hungry & restless

India’s youngest state courts big money with speed, sweeteners, and swagger, positioning itself as South India’s challenger in the bold chase for global capital. Shine Jacob reports

- Shine Jacob

It is India’s youngest state, formed only in 2014. Still in the investment race, ‘Telangana has become one of the most sought-after destinations for domestic and international investors. The state has attracted around 2.71 trillion worth of investments in the past two years, competing with neighbouring Andhra Pradesh, Tamil Nadu, and Karnataka, and emerging as one of the most preferred destinations in South India.

One major advantage the state highlights compared to its rivals is its fast-track clearances. A core team from all departments constantly works with investors to ensure approvals within 15 days through its platform, the Telangana Industrial Project Approval & Self Certification System (TG-iPASS). The state is also ready to pull out all the stops — including tax incentives, free water and electricity, and even setting up zero-discharge facilities, water reuse units, and road infrastructure — to attract investment.