Three years old Telangana sees positive growth

Telangana, the 29th and the youngest state in India, celebrated its third formation dayon 2 June, 2017. The state stood first in terms of revenue growth rate, recording a 17.82 percent growth in the FY17.

The overall rank of the state in terms of project investment, which jumped from 11th to 9th in March 2016, remained at that level   in March 2017, due to increased investments announced by private companies.
 

The share of private sector investment increased almost fourfold to Rs 27,253.84 crore in FY17 from Rs 7,081.11 crore in FY16. While investments by foreign companies increased from Rs 1,767 crore in FY16 to Rs 11,337.64 crore in FY17, that of the Indian private sector moved up from Rs 5,314 crore in FY16 to Rs 15,916 crore in FY17.
 

As compared with a year ago fresh investment statistics, Telangana has seen major gains across major sectors. Fresh investment in the Services & Infrastructure sector has increased from Rs 13,871.47 crore in FY16 to Rs 23,505.63 crore in FY17.
 

To meet the increased demand for water from the Farm sector, the state announced 23 new irrigation projects worth Rs 21,449.86 crore in FY17. This was on top of the 12 projects worth Rs 6,507.48 crore announced in FY16.
 

Among the irrigation projects underway in the state, the most notable one was the Rs 35,200 crore Palamuru lift irrigation scheme undertaken by the Irrigation & CAD department. The irrigation scheme is intended to irrigate seven lakh acre in Mahaboob Nagar district; 2.75 lakh acre in Rangareddy district; and 30,000 acre in Nalgonda district. It will also supply drinking water to Hyderabad.

Some of the other major upcoming projects in the state are:

1.  Steel Authority of India is planning to set up a steel unit with a capacity of three million tpa at Bayyaram in Khammam district, at an investment of Rs 30,000 crore.

2.  Telangana State Power Generation Corpn will set up a 4,000 MW Yadadri coal-based power unit at Damaracherla in Nalgonda district, entailing an investment of Rs 17,950 crore.

3.  NTPC will set up a 1,600 MW coal-based power unit (Stage-IV, Telangana STPP, Phase-I) at Ramagundam in Karimnagar district. The estimated cost of the project is Rs 11,811 crore.
 

Top five projects under execution: