Telangana attracts Rs 3.28 lakh crore investment in last 18 months: Revanth Reddy

Telangana Chief Minister A. Revanth Reddy on Tuesday said the state has attracted investments worth about Rs 3.28 lakh crore in the last 18 months since his government came to power. Reddy, while laying the foundation stone of ICHOR Biologics’ new plant at Genome Valley in Hyderabad, said the state government aims to make Telangana an attractive destination in keeping with the ‘China Plus One’ strategy. The strategy aims to present Telangana as a strong alternative for global companies diversifying their manufacturing and supply chains out of China. “Most investors are looking at India. I want to make Telangana, Hyderabad an alternative to China Plus One,” the chief minister said. Reddy assured full support, encouragement and quick government approvals in Telangana to investors looking to invest in sectors such as pharmaceuticals, electric vehicles and information technology. The Chief Minister also said that the ‘Telangana Rising 2047’ vision document will be released on the occasion of the second anniversary of the state government on December 9, 2025. He said that his government aims to make Telangana a trillion dollar economy by the year 2035 and a trillion dollar economy by 2047. Reddy said that his government is trying to attract investments by improving policies.