CM Revanth Reddy to youth: Build startups, grow economy

Hyderabad: Chief Minister A Revanth Reddy on Wednesday urged youngsters to build startups and strengthen the economy, while pointing to Indian-origin executives such as Microsoft CEO Satya Nadella who lead global companies they did not found or own.

He was speaking after inaugurating a global business summit organised by the SAMAKHYA Chamber of Commerce (SCC) here on Wednesday.

Referring to Prime Minister Narendra Modi’s vision of making India a $30 trillion economy by 2047, Revanth said his focus was on development and employment generation. “States’ cooperation is crucial to achieve Prime Minister’s goal of 'Viksit Bharat -2047’,” Revanth Reddy said, while affirming that the country’s youngest state would be promoted as “the best destination for global investments”. The government was striving to make sure TG’s contribution would be 10 per cent of India's GDP, he added. Politics will come into play only during elections, he emphasised.

The Chief Minister highlighted the 'Telangana Rising: 2047 Vision Document' setting out the main objectives of the government in rolling out CURE, PURE, and RARE regions. “Our goal is to transform the Telangana State into a one-trillion-dollar economy by 2034 and a three-trillion-dollar economy by 2047. To achieve this goal, we envisaged plans to develop the state by dividing it into three zones, the Chief Minister said.

Appealing to the investors to join hands with the state government in realising the goals of Telangana Rising, Revanth assured that the government would provide requisite support and protection to the investments by pursuing friendly policies. He stressed that the local entrepreneurs should also become partners in furthering the new industrial policy.

“Until now, our investors have primarily focused on providing services to corporate companies. People from our region should make investments and grow globally”, he remarked. Referring to the presence of Pawan Chandana, founder of space technology unicorn Skyroot Aerospace, on the stage, the Chief Minister aid the emergence of the company had made Telangana proud. “If 10 Skyroots emerge from our state, our region, our economy will be strengthened,” he said. The Chief Minister also suggested that the chamber of commerce must encourage youth and women entrepreneurs to further strengthen the country economically.

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