“Hyderabad is not just the Telangana State capital but a cornerstone of the nation’s economy, and through this Global Summit, we hope to attract more investments to Telangana, especially Hyderabad,” said Union Minister for Coal & Mines G. Kishan Reddy on Monday.
The Minister assured that the Centre, under the leadership of Prime Minister Narendra Modi, “is always ready to work with the Telangana government for the State’s development,” at the inaugural session of the event in the presence of Chief Minister A. Revanth Reddy, Deputy Chief Minister Bhatti Vikramarka and his Cabinet colleagues..
Mr. Kishan Reddy noted that Telangana is currently the fourth-largest economy in the country and is poised to climb to the third position soon. Hyderabad is a city where technology blends with tradition, science with spirituality, and heritage with creativity. It is thriving as an IT hub, an innovation corridor, a pharmaceutical capital, and an aerospace technology centre, he pointed out.
“To further enhance its brand image, we all need to work together. Prime Minister Modi has repeatedly called for India to become a developed nation by 2047, a dream that can only be realised with the active cooperation of States,” affirmed Mr. Reddy.
The Union Minister emphasised that States must compete to attract industries, startups, talent, and international investments. Such healthy competition among States will raise standards and enable reforms, ultimately providing better services to the people, he said.
Since Mr. Modi assumed office, India has emerged as one of the most powerful nations in the world. From poverty eradication and digital empowerment to rapid infrastructure development, farmer welfare, and startup promotion, the country has progressed across all sectors, said Mr. Kishan Reddy.
Between 2014 and 2025, foreign direct investments worth $748.78 billion have flowed into India, showing a 143% increase compared to the previous decade. Reforms introduced by the Modi government have brought transparency, accountability, and corruption-free governance, boosting investor confidence. Global investors now view India as a safe destination for investments, he noted.
Listing the Centre’s contributions to Telangana and Hyderabad, he said over ₹10 lakh crore has been provided through taxes, grants, and centrally sponsored schemes. About ₹1.5 lakh crore has been allocated for national highway development, corridors, and road expansion. For railway projects such as new lines, doubling, tripling, electrification, and signalling – ₹32,000 crore has been sanctioned.
Additionally, 42 railway stations are being upgraded with ₹2,500 crore under the Amrit Bharat Station Scheme. The first phase of the railway manufacturing unit at Kazipet, costing ₹521 crore, is nearly complete. At Ramagundam, a new ₹11,000 crore 1,600 MW NTPC thermal power plant was built and plans for an additional 2,400 MW plant are underway.
The PM MITRA Textile Park in Warangal will create employment for one lakh people, while the Zaheerabad Industrial Corridor is being developed with ₹2,300 crore. Prestigious institutions such as AIIMS Bibinagar, IIT Hyderabad, DRDO, HAL, BDL, and MIDHANI are located in Hyderabad, playing a crucial role in Telangana’s contribution to India’s economic growth, he added.
Published – December 08, 2025 11:39 pm IST
