Explore the latest industrial development initiatives in Telangana as CM Revanth Reddy proposes a new Industrial Corridor connecting Hyderabad to Vijayawada. Discover the economic impact, key proposals, and advancements in technical textiles. Stay informed for potential growth opportunities in the region.
Telangana Chief Minister A. Revanth Reddy advocates for Economic Growth
Telangana Chief Minister A. Revanth Reddy is pushing for the establishment of a new “Industrial Corridor” connecting Hyderabad to Vijayawada via Miryalaguda. In a recent meeting with Union Minister for Industries and Commerce, Piyush Goyal, the Chief Minister emphasized the economic significance of final clearances for the proposed Hyderabad-Nagpur industrial corridor.
The Economic Impact of the Proposed Industrial Corridor
The Telangana CM estimates a substantial benefit of Rs 2,300 crore for the state upon central government approval. This corridor is poised to enhance connectivity and foster industrial growth, aligning with the broader vision of economic development.
Proposals for Industrial Development
In the meeting held in New Delhi, CM Revanth Reddy, accompanied by Deputy CM Mallu Bhatti Vikramarka, presented various proposals for industrial development to Union Minister Piyush Goyal.
Reconsidering the Pharma City Plan
CM Revanth Reddy urged the Union Minister to reconsider the plan of establishing a Pharma City between Hyderabad and Warangal. Instead, he endorses the forthcoming proposal for a Pharma City connecting Hyderabad to Vijayawada, emphasizing its potential economic impact.
Relocation of National Design Center (NID)
Highlighting the relocation of the National Design Center (NID) from Hyderabad to Vijayawada after the bifurcation of Andhra Pradesh, CM Revanth Reddy sought approval for NID for Telangana. Additionally, he appealed for the relocation of a Mega Leather Park, already designated for Nellore district, to Telangana.
Greenfield Status for Mega Textile Park
CM Revanth Reddy appealed to accord Greenfield status to the Mega Textile Park in Warangal under the PM Mitra scheme. He emphasized the potential for accelerated industrial development, citing an additional Rs 300 Crore in funds with the conversion from Brownfield to Greenfield.
Advancements in Technical Textiles
Highlighting the state’s readiness to establish industries related to Technical Textiles, such as bulletproof jackets, conveyor belts, and airbags, the Telangana CM also appealed for a Center of Excellence for Technical Textiles and Testing Center.
National Handloom Technology Center (IIHT)
Furthermore, CM Revanth Reddy requested the allocation of one National Handloom Technology Center (IIHT) to Telangana. Emphasizing the positive impact on training weavers in modern technology, he foresees an enhancement in income levels, particularly with seven Handloom Clusters already established in the state.
Union Industries Department Joint Secretary Balaji, Union Textiles Department Additional Secretary Rohit Kansal, State Textiles and Handlooms Department Director Alugu Varshini, TSIIC CEO Madhusudan, Delhi Telangana Bhavan OSD Sanjay Jaju, Resident Commissioner Gaurav Uppal, and others also participated in the meeting.
Frequently Asked Questions
Q1: What is the proposed Industrial Corridor’s economic impact on Telangana?
A1: The Telangana CM estimates a substantial benefit of Rs 2,300 crore for the state upon central government approval.
Q2: What are the key proposals presented by CM Revanth Reddy in the meeting?
A2: CM Revanth Reddy presented proposals for the reconsideration of the Pharma City plan, relocation of the National Design Center (NID), and the accord of Greenfield status to the Mega Textile Park.
Q3: How does the CM plan to enhance the handloom sector in Telangana?
A3: CM Revanth Reddy seeks the allocation of one National Handloom Technology Center (IIHT) to Telangana, emphasizing its positive impact on training weavers in modern technology.
In a compelling move, CM A Revanth Reddy has urged Union Minister Piyush Goyal to provide the green light for the establishment of a transformative “Industrial Corridor” connecting the thriving cities of #Hyderabad to #Vijayawada via Miryalaguda. This strategic initiative aims to bolster economic ties and create a corridor that could redefine the industrial landscape of the region.
The Significance of the Hyderabad-Nagpur Industrial Corridor
Revanth Reddy has emphatically highlighted the critical importance of obtaining final clearances for the proposed Hyderabad-Nagpur industrial corridor. The economic estimates indicate a substantial benefit of Rs 2,300 crore for Telangana upon approval. This corridor promises to be a game-changer, opening avenues for growth and prosperity.
National Institute of Design and Mega Leather Park Relocation
Beyond the industrial corridor, the CM has urged the sanctioning of the National Institute of Design for Telangana. Additionally, he seeks approval for relocating the Mega Leather Park, originally designated for Nellore district in undivided Andhra Pradesh, to Telangana. The necessary land in Karimnagar and Jangaon districts has already been acquired, marking a strategic move for the state’s economic development.
Rethinking Pharma City and Greenfield Status for Mega Textile Park
Revanth Reddy has urged a reconsideration of the earlier plan to establish a Pharma City between Hyderabad and Warangal. Instead, he advocates for endorsing the forthcoming proposal for a Pharma City to be submitted to the center. This shift in strategy aligns with the evolving needs and opportunities in the region.
Furthermore, the CM proposes granting Greenfield status to the Mega Textile Park in Warangal under the PM Mitra scheme. This move not only supports the textile industry but also positions Warangal as a key player in the national textile landscape.
Center of Excellence for Technical Textiles/Testing Center and National Handloom Technology Center
To boost technical capabilities, Revanth Reddy has requested the grant of a Center of Excellence for Technical Textiles/Testing Center. This initiative aims to foster innovation and excellence in the technical textiles sector, contributing to the overall growth of the state.
Additionally, the CM seeks the allocation of one National Handloom Technology Center (IIHT) to #Telangana. This center would serve as a hub for advancing handloom technology and skills, further enhancing the state’s position in the textile industry.
In conclusion, CM A Revanth Reddy’s comprehensive proposals underscore his vision for propelling Telangana into a new era of industrial and economic excellence. These strategic initiatives, if approved, have the potential to unlock unprecedented growth and establish Telangana as a powerhouse in the Indian industrial landscape.