Telangana CM Revanth Reddy urges investors to double their investments in state

Telangana Chief Minister Revanth Reddy has called on both domestic and foreign investors to double the amount they plan to invest in the state, promising full government support to help businesses thrive and eliminate bureaucratic barriers. During the opening ceremony of the Invest Telangana Global Summit 2026 in New Delhi, Reddy invited businessmen, policymakers, and leaders from the business community to attend the summit, which will take place from December 7 to 9 at Bharat Future City in Hyderabad.

He urged investors to first consider how much they intend to invest, then to double that amount, and even further consider boosting their growth projections and profit expectations. Reddy assured investors that the state government will provide the required policy and administrative assistance to support their business ventures, stating that removing obstacles and protecting investments will be his personal responsibility.

Telangana's long-term development strategy, Telangana Rising 2047, aligns with the national objective of Viksit Bharat 2047. The state aims to transform into a USD 1 trillion economy by 2034 and a USD 3 trillion economy by 2047. If India reaches the goal of a USD 30 trillion economy by 2047, Telangana should contribute 10% of the national GDP.

Reddy highlighted Hyderabad's historical significance as a commercial hub dating back nearly 400 years, attracting traders from various countries who exchanged pearls, spices, and silver handicrafts around Charminar. He credited the Nizam rulers for contributing to Hyderabad's growth by constructing important institutions and infrastructure such as museums, a mint, an airport, railways, and educational institutions.

The Chief Minister emphasized Hyderabad's ability to attract foreign investment, foster international talent, and adapt to economic reforms, which has established the city as a prominent destination for businesses. Revanth Reddy also paid tribute to former Prime Ministers Rajiv Gandhi and P. V. Narasimha Rao for their roles in India's technological and economic progress.

He recalled that Rajiv Gandhi initiated significant changes in the computer and telecommunications sectors during his tenure, and Rao's government implemented liberalization, privatization, and globalization reforms to open the economy to the outside world. Reddy acknowledged that different political parties have supported Hyderabad's investment journey since 1991, despite their political differences.

Addressing investors' concerns about the relationship between central and state governments, Reddy emphasized the importance of collaboration for development, mentioning upcoming high-speed rail links between Hyderabad and major cities such as Chennai, Bengaluru, and Pune, as well as plans to build new airports in Warangal and Adilabad.

He also highlighted the Regional Ring Road, metro rail expansion, and the naval radar center as development projects supported by the central government. Reddy urged policymakers to focus on removing unnecessary hurdles and creating opportunities for businesses rather than excessively interfering in economic activities. He assured investors that he would take their suggestions into account and incorporate suitable recommendations into state policies.

Reddy expressed his intention to listen to investors' ideas and policy recommendations to accelerate Telangana's growth. He urged businesses to compete not only with other Indian cities like Delhi, Mumbai, Chennai, and Bengaluru but also with global metropolises such as New York, London, Tokyo, Seoul, and Dubai.