Hyderabad, Jan 20 (NationPress) Telangana is striving to elevate its share of India's GDP to 10 percent, underpinned by a comprehensive strategy aimed at establishing a USD 3 trillion economy, as stated by industry minister D. Sridhar Babu on Tuesday.

He extended an invitation to global business leaders to collaborate in the Telangana Rising initiative, a long-term vision founded on stable policies, a business-friendly environment, and growth propelled by innovation.

During the launch of the India Pavilion at the annual meeting of the World Economic Forum in Davos, Minister Sridhar Babu urged industry leaders to invest in the state.

He emphasized that Telangana now provides a favorable and predictable environment where international firms can expand, invest, and actively engage in the state’s developmental trajectory.

Priority sectors identified include life sciences, electronics, semiconductors, IT, aerospace, renewable energy, and green technologies.

The minister noted that investments worth approximately Rs 2.5 lakh crore have been mobilized in the last two years, focusing on maintaining growth, generating employment, and enhancing Telangana’s international reputation.

He mentioned that Telangana has emerged as a model for other states regarding the ease of doing business.

Sridhar Babu articulated the government's commitment to proactively shape the future rather than waiting for it. He announced a target of boosting Telangana's GDP contribution to 10 percent by 2047, with strategic and visionary actions underway.

A detailed roadmap has been crafted with input from experts, industrialists, and the public to propel Telangana's economy towards the $3 trillion mark by 2047.

This vision document prioritizes key sectors critical for economic enhancement. He elaborated on the favorable conditions, opportunities, and existing ecosystem in Telangana for investments in areas such as pharmaceuticals, life sciences, biotechnology, healthcare innovation, electronics, semiconductors, hardware manufacturing, IT, ITES, aerospace, defense, textiles, apparel manufacturing, food processing, agro-based industries, renewable energy, and green technologies.

He affirmed their dedication to attracting new industries to the state and creating job opportunities for the youth. He remarked that his government has secured investments totaling around Rs 2.5 lakh crore at the Davos forum over the past two years.

He also mentioned that this year, they will continue to promote policies aimed at enhancing industrial development and encourage leading companies to invest in Telangana.

The minister revealed that the Life Sciences Policy 2.0 and the Telangana AI Innovation Hub (TAIH) will be officially launched at the Davos forum to further bolster the global recognition of the Telangana brand.