Telangana Government in terms of providing an investor-friendly business environment is showing results. The state has beaten southern peers by achieving the highest growth rate of 79 per cent in terms of attracting investments from both domestic and foreign sources.
“Telangana has also surpassed national average growth rate of about 27 per cent in terms of attracting live investments between FY12 and FY17.
“Telangana had attracted total outstanding investments worth about Rs 5.9 lakh crore as of FY17 which rose from Rs 3.3 lakh crore worth of investments attracted by the region as of FY12.
Between FY15 and FY17, the investment growth rate in Telangana has been 68.5 per cent which is again more than the national average growth rate of 20.8 per cent.
Over one-fourth of the total investments attracted by Telangana are in irrigation sector 28 per cent.
Around 370 projects with investments worth about Rs four lakh crore of the total live investments attracted by Telangana are under different stages of implementation.
The power sector has the major share of 85 per cent in all projects under implementation in Telangana followed by non-financial services (76 per cent approx.), mining (72.5 per cent), irrigation (67.5 per cent) and manufacturing (23 per cent approx).
Telangana has also outperformed the national average in terms of economic growth. “While in terms of year-on-year growth Telangana region’s economy grew by 2.7 per cent in FY12 to reach 8.5 per cent in FY17.
After registering a negative growth of 7.5 per cent in FY15 there has been the considerable improvement as the state recorded industrial growth of about 10 per cent and 4.1 per cent in FY16 and FY17 respectively.
