Hyderabad aims to become a top global investment hub, according to Chief Minister A Revanth Reddy. On Thursday, he discussed plans to make Telangana a leader in the manufacturing sector.
At the opening of Malabar Gems and Jewellery’s new manufacturing facility in Maheshwaram, the Chief Minister emphasized attracting investments while ensuring profits for investors.
Revanth Reddy highlighted the stability of the state’s industrial policies, which continue from previous administrations. He noted that the TDP and Congress each governed for a decade in unified Andhra Pradesh, followed by the BRS in Telangana since 2014. The current government, in office since December 2023, maintains these consistent policies.
He reassured investors, saying, “Our policies remain steady. We support investors with incentives. Telangana is synonymous with profit.”
The state’s proactive approach to attracting global investments is successful, as seen in agreements worth over Rs 2 lakh crore from trips to the US, Singapore, and Davos. More global investors are expected soon.
Plans are underway for a 30,000-acre Bharat Future City near Maheshwaram. The government will unveil the ‘TelanganaRising 2047’ vision document on December 9, outlining development goals for the next century.
Meanwhile, Malabar Gold & Diamonds launched its biggest jewellery manufacturing site, covering 3.45 lakh sq ft. The facility can produce over 4.7 tonnes of gold jewellery and 1.8 lakh carats of diamond jewellery annually, with a gold refining capacity of 78 tonnes.
