Sridhar Babu unveils plans for Telangana’s global investment push

Industries Minister D Sridhar Babu announced that Telangana will roll out Ease of Doing Business 2.0 to attract global investments. The State aims to grow its economy to 1 trillion USD by 2034 with a three-pronged strategy

Hyderabad: Industries Minister D Sridhar Babu said the Telangana government would soon roll out Ease of Doing Business 2.0 as part of its strategy to position the State as a preferred global investment destination. The Minister inaugurated the Growth X 2026 conference organised by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) at JRC Convention Centre here on Tuesday.

Addressing the occasion, he said the proposed policy would be developed through stakeholder consultations with the objective of accelerating industrial growth, strengthening investor confidence and providing greater assurance to investors.

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The State, currently a 200 billion USD economy, aims to grow to 1 trillion USD by 2034 and 3 trillion USD by 2047. To achieve these goals and ensure balanced regional development, the government has adopted a three-pronged strategy — “CURE, PURE and RARE”, he said.

Highlighting structural shifts in the economy, the Minister said artificial intelligence and Industry 5.0 were reshaping work culture and business models. Future competitiveness would depend on strong ecosystems rather than individual companies, he stressed.

The Minister added that the State government seeks to function not merely as a regulatory authority granting approvals but as a collaborative partner working alongside industry. “We invite entrepreneurs to work closely with the government,” he said.

BJP State president Ramchander Rao, Dr D Nageshwar Reddy, FTCCI president R Ravi Kumar and others spoke on the occasion.