CM Revanth Reddy sets out Telangana’s $3T economic ambition at business summit

Chief Minister Revanth Reddy remarked that Prime Minister Narendra Modi is working towards the goal of a 'Viksit Bharat' (Developed India) by 2047 and that the cooperation of states is essential for this endeavor. He clarified that politics should be confined to election times and should not interfere with development. He noted that independent India would complete 100 years by 2047 and emphasized the immense strength inherent in the concept of a federation. He recalled that trade was conducted via the barter system in ancient times and stated that the need for federations remains significant in the modern era. CM Revanth Reddy inaugurated and addressed the 'Federation Business Summit-2026' at HITEX, Hyderabad, today (Wednesday).

The Chief Minister stated that their goal is to transform Telangana into a one-trillion-dollar economy by 2034 and a three-trillion-dollar economy by 2047. He emphasized that to achieve this, they plan to develop the state by categorizing it into three zones: CURE, PURE, and RARE. He revealed that the area within the Hyderabad Outer Ring Road is being developed as CURE (Core Urban Region Economy), with a focus on the IT and service sectors, cutting-edge technology, and innovation. He further explained that the region extending from the Outer Ring Road to the Regional Ring Road is being developed as PURE (Peri-Urban Region Economy). He stated that manufacturing industries, industrial parks, and the logistics sector would be promoted in this region. He also mentioned that the remaining rural areas are being developed under the RARE (Rural Agriculture Region Economy) initiative.

We will transform Telangana into a global investment destination...

Chief Minister Revanth Reddy announced that priority would be given to agriculture, food processing, agro-based industries, and rural employment in the state. He remarked that their resolve is to transform Telangana into a global destination for investments. He noted that Telangana currently contributes 5 percent to the national GDP and explained that they are working towards raising this figure to 10 percent. He emphasized that the Charminar became a landmark for entrepreneurs from both within the country and abroad as early as four hundred years ago, adding that HITEC City has since emerged as the modern landmark for business. He invited everyone to become partners in the new industrial policy. He observed that, until now, people from the region have largely focused on providing services to corporate companies, and expressed his hope that locals would make investments and grow into global players.

Countries with women's participation have grown economically strong...

The Chief Minister stated that a look at the global landscape reveals that countries with significant women's participation have achieved economic strength. He emphasized the need to encourage women entrepreneurs. He stated that bank linkage loans worth ₹61,000 crore have been provided to women in Telangana. He noted that women have been empowered to become owners of RTC buses, petrol bunks, and solar plants. On this occasion, the Chief Minister offered a suggestion to the Samakhya Chamber of Commerce, directing them to encourage women alongside the youth. He assured that the government would provide the necessary support and affirmed that his administration would continue to implement progressive policies. He gave an assurance that their investments would be backed by the government. CM Revanth Reddy called for moving forward with the goal of a rising Telangana.

AP Legislative Assembly Deputy Speaker K. Raghu Rama Krishna Raju, MPs Dr. K. Laxman and Vem Narendar Reddy, Government Advisor V. Hanumantha Rao, Government Whip Adi Srinivas, MLAs Ganta Srinivasa Rao and Danam Nagender, Munnuru Kapu Foundation Chairman Bomma Sriram Chakravarthy, Justice Bhavani Prasad, Karimnagar Library Chairman Sathu Mallesh, and others attended the Samakhya summit. The Samakhya Business Summit-2026, organized by the Samakhya Chamber of Commerce (SCC), is being held at HITEX over two days—today and tomorrow.

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Pavan Bandari

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I am content writer with six years of experience in entertainment and politics besides other modules as well.