1Major Investments in Hyderabad

Telangana State Trade promotion corporation Limited  They are  happy to inform that the State of Telangana, being the youngest in the country, had ranked No.1 in the economic growth rate among top economy states during 2018-19 and 2019-20, it also ranks 2nd in per capita income (after Karnataka) according to the recent RBI publication “State Finances – A study of Budgets of 2020-21”. It is a fact that Telangana state is 12th Populous State, ranks 9th in the size of GSDP and ranks 10th in the manufacturing sector among 28 Indian States. However it gives me great pleasure to note that Telangana State also ranks No. 1 in Per capita Revenue Tax as well as Per capita Revenue Expenditure according to same RBI publication. The reasons for Telangana in the forefront of economic growth are that, the Government is making committed efforts in all fronts, particularly attracting the major investments to the State. Amazon Web Services Inc. (AWS), an Amazon. com company, announced an investment of a mind-boggling Rs 20,761 crore ($2.77 billion) to create multiple data centres in Hyderabad.      This is the largest Foreign Direct Investment (FDI) investment in Telangana State. Hyderabad is emerging as the life sciences hub of India. It has attracted two major investments in Genome Valley. M/s. Granules India is investing Rs 400 crore to set up a finished dosages unit while M/s. Laurus Labs is investing Rs 300 crore for a formulations manufacturing facility. These two units will generate employment to about 1,150 people. more will be in next  Thanks to Managing Editor : E. VENKAT NARASIMHA REDDY JMD, TSTPC Associate Editor : Dr. M. SAILAJA Manager, TSTPC   Source: https://tstpc.telangana.gov.in/docs/TSTPC%20Trade%20Journal%20Nov%202020.pdf