Hyderabad — Telangana Chief Minister A Revanth Reddy on Wednesday urged young people to build start-ups and help strengthen the economy, pointing out that while Indian-origin executives lead several global companies, they did not found or own them.
Inaugurating the Samakhya Chamber of Commerce in Hyderabad, Reddy said his administration aims to transform Telangana into a USD one trillion economy by 2034 and a USD three trillion economy by 2047. He also called for greater participation of women in the workforce and assured full support for entrepreneurs and investors.
Reddy noted that Prime Minister Narendra Modi had sought the cooperation of states to help make India a USD 30 trillion economy by 2047. He emphasized that his primary focus remains on development and employment generation, maintaining that politics should only enter the picture during election seasons.
Highlighting the position of Indian-origin corporate leaders, Reddy referred to Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, and World Bank President Ajay Banga, who is an alumnus of Hyderabad Public School. He stated that local talent has largely remained on the service side rather than ownership, urging the younger generation to shift that paradigm. He pointed to Pawan Chandana, founder of the space technology unicorn Skyroot Aerospace who was present at the event, stating that the emergence of similar local ventures would significantly bolster the regional economy.
Addressing gender inclusivity, Reddy noted that nations recording rapid economic expansion generally feature substantial female workforce participation. Because that share remains lower in India, he stressed the need to actively encourage women entrepreneurs. He highlighted that the state government has facilitated bank linkages worth Rs 61,000 crore for women's self-help groups, representing 67 million members, and has enabled these groups to purchase buses for lease to the state-run Road Transport Corporation.
On the policy front, Reddy stated that Telangana has maintained continuity across administrations without abruptly altering established frameworks. He noted that past governments preserved prior policies, and his own administration has not discarded beneficial initiatives launched by the preceding BRS government.
To meet its broader economic targets, the state has been mapped into three distinct zones. The Core Urban Region Economy encompasses the area within Hyderabad's Outer Ring Road for IT and services, the Peri-Urban Region Economy sits between the Outer Ring and Regional Ring Roads to focus on manufacturing and logistics, and the Rural Agriculture Region Economy targets agriculture, food processing, and rural employment.
Reddy concluded by stating the government's ambition to double Telangana's contribution to India's GDP from five percent to ten percent. He appealed to investors to collaborate with the state to achieve its Telangana Rising 2047 vision, promising investor-friendly policies and long-term protection for capital commitments.