Telangana Growth Story Book - World Trade Center Shamshabad

Telangana, India's youngest state, is rapidly growing with a goal to become a $1 trillion economy by 2036. Leveraging its strengths in sectors like Pharmaceuticals, IT, and Aerospace, and driving innovation and infrastructure, the state is positioned as a key player in India's economic growth. Its focus on robust economic development, diverse cultural contributions, and significant export impact underscores its role in shaping the country's future.

TELANGANA’S

GROWTH STORY

SHAMSHABAD

The Road To $1 Trillion Economy

FUTURE CITY

2 REPRINT

Connections to global trade

thought leaders such as the UN

and WTO, as well as vertical

industry associations like ACI

and UFI, and real estate

organizations and providers,

including developers, architects,

hotel chains, convention

centers, and more.

Through our network of

320+ World Trade Center

locations, WTCA facilitates

connections across 1 million

+ afﬁliated businesses

globally.

Be a part of the WTC member

network, an elite community

that can help grow your

business. In-person

gatherings. Virtual

collaboration. Across the

hallway. Across the globe.

Here to facilitate global

connections, the WTCA staff

stand at the ready to

strengthen your World Trade

Center location through

business clubs, organized

events, international trade

missions, and personalized

introductions.

WTCA’s members help

educate and empower

communities to increase

international business

and investment

opportunities.

Telangana’s Growth Story 2024 | 03

CONTENTS

Foreword

Executive Summary

Indian Economic Growth Story

Telangana State Economic Proﬁle

3.1 Telangana: A Conﬂuence of Cultures

3.2 Sectoral Distribution of GVA

3.3 Products of Signiﬁcance to Exports

3.4 Strengths of the State

3.5 State Growth Aspirations

Sectoral Opportunities in Telangana

4.1 IT & IT Enabled Services

4.2 Global Capability Centers

4.3 Pharmaceuticals & Life Sciences

4.4 Agriculture & Food Processing

4.5 Aerospace & Defence

4.6 Sectoral Opportunities in Future

Conclusion & Way Forward

References

Acknowledgements

CHAPTERS

PAGES

Telangana’s Growth Story 2024 | 04

It is my pleasure to introduce this landmark report as the Chief

Minister of the State of Telangana, outlining the journey of our

State to becoming a USD 1 trillion economy by 2036. Since its

birth, Telangana has rapidly transitioned into a region bustling

with economic activity, reﬂecting a brand of resiliency, innovation,

and strategic vision instrumental in achieving the desired growth.

The Mega Master Plan 2050 for Telangana portrays our clear,

ambitious vision to expand the growth of industry beyond the

urban limits of Hyderabad to every corner of the State, creating

new engines of growth in the semi-urban and rural clusters. To

achieve this vision, our commitment is to ensure a more supportive

investment environment which also nurtures high-value addition.

Of special mention in the report are the strategic initiatives being

undertaken to develop modern industrial infrastructure in the area

between the Outer Ring Road and the upcoming Regional Ring

Road, spanning core urban, semi-urban, and rural areas. The

approach gains signiﬁcance from the objective of balanced

growth, ensuring that the beneﬁts of our industrial expansions

reach every section of our society. The announcement of new

ﬂagship projects such as the 'Future City' as the new fourth city

encompassing Pharma Villages, Advanced Technology

Manufacturing hubs, Skill University, Food Processing and Sports

Clusters promote decentralized regional development and

generate equitable opportunities for citizens from across the State.

I also take this opportunity to reiterate our focus on technology and

innovation as critical pillars in our development strategy. The rise

of Artiﬁcial Intelligence and other emerging technologies shall

bring the future to Telangana.

I would like to place on record my sincere appreciation for the

contributions of World Trade Center Shamshabad and KPMG in

the preparation of this thought leadership publication. I am

conﬁdent that through this report, we are laying the foundation for

the next leg of growth for the State of Telangana and are thereby

reafﬁrming our commitment to transparent, inclusive, and

sustainable development.

FOREWORD

Shri. Anumula

Revanth Reddy

The Hon’ble Chief Minister,

Government of Telangana

Telangana’s Growth Story 2024 | 05

Shri. Duddilla

Sridhar Babu

Minister for Information Technology,

Electronics & Communications (ITE&C),

Industries & Commerce (I&C) and

Legislative Affairs

Government of Telangana

Telangana’s Growth Story 2024 | 06

It is my pleasure to share this insightful report on how Telangana

can become a key player in India's future by becoming a USD 1

trillion economy. As the Minister for Information Technology,

Electronics & Communications and Industries and Commerce, I am

proud to be part of this journey driven by innovation and inclusive

development.

Underpinning Telangana's progress in IT, electronics and industry

is the vision of transforming our State into an economic leader of

the world. This thought leadership report throws light on our

comprehensive strategy for industrial growth with renewed focus

on MSMEs and startups which we ﬁrmly believe are the lifeline for

long-term sustainable growth. We are focusing on the

development of key sectors such as pharmaceuticals, food

processing, and renewable energy. Furthermore, we are also

envisioning a Government of the future, integrating emerging

technologies such as Artiﬁcial Intelligence (AI) and Machine

Learning (ML) into various Government to Citizen (G2C) services.

Moreover, under the dynamic leadership of the Hon'ble Chief

Minister, we are developing an 'AI City' as part of the 'Future City'

initiative to attract investments and create high-end employment

in the fast-growing AI and emerging technologies space.

Our vision is aligned with the Mega Master Plan 2050, wherein

balanced growth in urban, semi-urban, and rural areas is accorded

equal precedence. We want to ensure that every region in

Telangana is an integral part of our economic progress. Pharma

villages and the advanced technology manufacturing hubs

leveraging AI & ML would be the main driving forces in propelling

future growth and ensuring global competitiveness for the State.

As we move ahead, we are tapping technology and innovation to

maximize every investment and accelerate towards holistic

development of the State. I have no doubt that, with the same level

of dedication and collaboration spilling over into the future, we will

meet our ambitious objectives and set new benchmarks.

FOREWORD

Mr. John E. Drew

Chairman,

World Trade Centers

Association

Telangana’s Growth Story 2024 | 07

Amidst the rapidly accelerating growth of the Indian market in

recent years, the World Trade Centers Association (WTCA) has

been delighted to welcome the World Trade Center Shamshabad

into our membership fold. The rocket-like growth of the Indian

market is sometimes hard to grasp, but having this group in our

community has consistently helped WTCA members around the

world gain insight from their deep knowledge of the market.

This publication exempliﬁes the focus on economic understanding

from the WTC Shamshabad, diving deep into the economic

situation of the Indian State of Telangana, the youngest State in

India and still early in its industrial growth cycle. I salute the team's

choice to boldly encourage the Telangana market with economic

growth goals.

Most regions cannot grow organically unless their businesses grow

internationally. This is why we are pleased that the Telangana

market has embarked on this partnership with the World Trade

Centers Association in recent years. At the WTCA — a network of

more than 300 highly connected, mutually supporting businesses

and organizations in nearly 100 countries — we believe that global

trade is a foundational, bridge-building force that creates bonds,

accelerates business growth and prosperity, and strengthens the

international community. As high-growth States like Telangana

rise in the global marketplace, World Trade Center networks

beneﬁt businesses, including small- and mid-sized businesses,

providing opportunities for economic prosperity.

WTC Shamshabad and WTC Future City are in a unique position

as the leading organizations that can provide business

matchmaking across all industries and sectors on a global level,

not only throughout our vibrant network of WTC leaders, but also

through leveraging the latest trade services education, global

business events, and technology.

Artiﬁcial intelligence (AI), for instance, is a technology transforming

industries worldwide, and global trade is no exception. From

strategic planning and data analysis to operational efﬁciency, AI is

becoming essential for companies aiming to compete and succeed

in international markets. With the aid of the WTCA network, its

access to sophisticated technology and ongoing education, this

team will undoubtedly be a signiﬁcant player in achieving the

ambitious goals for a prosperous Telangana in the years ahead.

Congratulations to the World Trade Center Shamshabad for this

valuable piece of research. We look forward to celebrating and

supporting your achievement of this success in the years to come.

FOREWORD

As we reﬂect on Telangana’s remarkable journey, it is clear that

our State stands as a beacon of growth and a paradigm for

excellence for the entire nation. Telangana’s achievements in the

space of technology, healthcare, education and life sciences

amongst others have contributed signiﬁcantly to India’s global

reputation as a pioneer, driving a future-ready workforce.

However, we recognize that there is vast untapped potential in

the existing established sectors as well as developing sectors

such as healthcare, tourism, food processing, and emerging areas

such as Artiﬁcial Intelligence/ Machine Learning (AI/ ML), Global

Capability Centers (GCCs) etc. By unlocking this potential,

Telangana can become a vital contributor to not only India’s

growth story but also a thought leader for the region over the next

decade, propelling our nation into the top echelons of the global

economy.

In this thought leadership report, we shed light on Telangana’s

current economic landscape, emphasizing the sectors that drive

our progress. Additionally, we ﬁnd promising areas that can

accelerate our growth journey. Our goal is to foster a positive

sentiment among potential investors, positioning Telangana as

their preferred investment destination within India.

As we envision various growth scenarios based on our in-depth

analysis of macro and micro economic indicators, we see

Telangana’s economy evolving from its current USD 176 billion to

an impressive USD 1 trillion. As WTC Shamshabad and WTC

Future City, our strategic goal of employment generation is

aligned with the long term sustainable economic development of

Telangana. Together, let us chart this transformative path and

shape a prosperous future.

MESSAGE FROM

CHAIRMAN

Shri. Y Varaprasad

Reddy

Chairman, WTC

Shamshabad and Future City

Telangana’s Growth Story 2024 | 08

Telangana’s Growth Story 2024 | 09

Mr. Robin Van

Puyenbroeck

Executive Director,

WTCA

Telangana's impressive evolution from its formation to its

emergence as a signiﬁcant economic powerhouse in India is a

testament to the resilience, innovation, and strategic vision of its

people and leaders. This book, chronicling the growth history of

Telangana, is not just a reﬂection on the past but a roadmap for its

future towards a USD 1 trillion economy, particularly in the context

of the ever-evolving global economy.

At the forefront of this growth story is the role of Artiﬁcial

Intelligence (AI), which has become an indispensable tool in driving

economic development. AI's potential to analyze vast datasets,

optimize processes, and predict future trends has empowered

Telangana to foster innovation across industries. One of the most

signiﬁcant impacts of AI is on global logistics, where it has

revolutionized supply chain management by enhancing efﬁciency,

reducing costs, and improving real-time decision-making. By

embracing AI-driven development, Telangana is better positioned

to integrate into global trade networks, thereby strengthening its

economic ties worldwide.

The World Trade Center (WTC) Shamshabad plays a crucial role in

this narrative. By leveraging the globally recognized WTC brand,

Shamshabad has positioned itself as a hub of international trade

and investment. The WTC brand symbolizes trust, connectivity,

and global opportunity, making it a powerful catalyst in

Telangana's quest for economic excellence. Through strategic

branding and leveraging the WTC network, Telangana is poised to

attract global partners, enhance its trade capabilities, and

establish itself as a leading player on the world stage.

This book serves as a tribute to Telangana's journey and an

inspiration for future endeavours in harnessing technology and

strategic branding for sustained growth. Warmest congratulations

to World Trade Center Shamshabad for creating this

comprehensive publication and we look forward to your continued

success driving innovation.

MESSAGE FROM

EXECUTIVE DIRECTOR, WTCA

Executive

Summary

Telangana’s Growth Story 2024 | 10

USD 176

Billion

USD 500

Billion

USD 1

Trillion

The State of Telangana is the youngest and yet

one of the fastest growing States in India. The

diverse economic, social, and cultural proﬁle of

the State supports strong growth potential and

hence contributes signiﬁcantly to India’s growth

story.

This report outlines Telangana’s journey towards

becoming a USD 1 trillion economy by 2036, by

maximizing the various strengths of the State. It

emphasizes the State’s robust economic outlook,

cultural diversity, and sectoral distribution in

Gross Value Added (GVA), with strengths in

Pharmaceuticals, Life Sciences, IT, GCC,

Agriculture, and Aerospace.

Additionally, the report highlights Telangana’s

signiﬁcant contribution to exports, with a strong

focus on innovation and technology. The State’s

fast-paced infrastructure development, policy

reforms, and investment opportunities position it

as a key player in India’s economic growth

trajectory and a hub for foreign direct

investment.

The report also highlights ambitious ﬂagship

infrastructure projects of the Government such

as the ‘Future City’, Regional Ring Road and

Musi riverfront redevelopment which have the

potential to unleash new opportunities not only

to the urban but also semi-urban and rural parts

of the State, thereby accelerating regional trade

and growth. Moreover, the State’s continuous

efforts in fostering the innovation ecosystem are

seen to be supported by numerous institutions,

contributing to new-age entrepreneurs who

promise to bring about an economic shift and

give a ﬁllip to the efforts in increasing the GSDP.

Telangana’s strategic focus on sectors like

Pharmaceuticals and Life Sciences, Global

Capability Centers (GCCs), Information

Technology (IT), and Agriculture and Food

Processing are clear. The State’s GCC market is

thriving, with a strong talent pool and cost-

effective real estate, making it an attractive

destination for MNCs. The IT sector has always

been a major contributor to the State’s economy,

with robust infrastructure and a vibrant

technology ethos. The Agriculture and Food

Processing industry beneﬁts from abundant raw

materials, storage, and processing infrastructure.

With nine agriculture universities and numerous

R&D institutes, Telangana is nurturing local

talent and innovation, particularly in dryland

agriculture and food technology. The State is

also rapidly emerging as a key player in India’s

aerospace & defence sectors, attracting

signiﬁcant investment and promising thousands

of jobs along with fostering startups and private

sector investments into spacetech.

Overall, Telangana’s growth trajectory is

supported by its focus on infrastructure,

innovation, strategic sector development, and a

conducive environment for business and talent.

The State’s growth story is a testament to its

potential to shape the future of India’s economy.

As we envision the future, our goal is audacious:

to propel Telangana’s economy from its current

USD 176 billion to an impressive USD 1 trillion.

This isn’t wishful thinking; it’s a strategic

imperative. By attracting investments, nurturing

talent, and embracing sustainable practices, we

can achieve this vision.

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