Telangana's capital, Hyderabad, is a major IT hub of the country. The state also contributes nearly one-third to India’s production and one-fifth to its exports in the pharmaceutical sector. The state has a road network of over 27,600 km, with 24 national highways (NH) and an international airport in Hyderabad that connects it with major domestic and international markets. The state has an installed power capacity of over 15,800 MW, with about 42% contribution from green energy sources.
Hyderabad ranked 2nd most dynamic city in JLL’s City Momentum Index (CMI) 2019 unveiled in World Economic Forum.
As a pharma and life sciences hub, Hyderabad is poised to grow to a $100 bn business generator by 2030, up from $13 bn now.
Hyderabad won 3 Smart Cities India (SCI) awards by India Trade Promotion Organisation (ITPO) at the 28th Convergence India 2021 International Exhibition and 6th Smart Cities India Expo, in the categories – green and clean city, smart waste disposal, and startup
Hyderabad retained its position as the top city in India for the fifth year in a row in Mercer’s Quality of Living Survey 2019
The state is one of the leading producers and exporters of horticulture crops, including lemons, oranges, and turmeric among others. Sericulture and fisheries are other sustainable sectors, with the state having the third largest pool of inland fisheries resources in the country. The state has a large number of manufacturing units in pharmaceuticals, food processing, non-metallic minerals, plastics and electrical equipment sectors. The world's largest film studio complex, Ramoji Film City, is also based out of Hyderabad. The resilience of Telangana economy was aided by agriculture and allied sectors, which grew by 20.9%, dwarfing the 3% growth at the national level.
Telangana State Industrial Project Approval and Self-certification System (TS-iPASS) Act in 2014 to provide clearances to mega projects within 15 days and projects of other nature within 30 days, i.e., shortest in the country. The state is also the only one in the country to have introduced the 'Right to Clearance' for industrialists to get industrial clearances. TS- iPASS has facilitated cumulative investments of over INR 2,14,951 Crores creating 15.6 lakh jobs. In FY 2020-21, TSIIC has developed 10 new Industrial Parks and allotted 810 acres of land to 453 industries with an expected investment of INR 6,023 Crores and potential employment of 7,623.