Hyderabad: Industries Minister Vivek Venkatswamy outlined the Telangana economic growth plan in the Assembly, stating that the government aims to build a $1 trillion economy by 2034 and $3 trillion by 2047.
He said the Congress government adopted the “Telangana Rising” vision to accelerate economic development. According to him, Chief Minister A. Revanth Reddy and the government were actively working to achieve this target.
The Minister said the state secured investment commitments worth ₹7 lakh crore during visits to Davos. He added that the government prepared a strategy to utilise these investments through skill development and industrial expansion.
He stated that 65 Industrial Training Institutes were converted into Advanced Technology Centres in collaboration with Tata Group. He said the previous BRS government had neglected these institutions.
Telangana economic growth plan focuses on skills and jobs
Venkatswamy said the government is also establishing 53 new ATCs. These centres will offer courses in emerging sectors such as artificial intelligence and drone technology.
He announced that students in these centres would receive a monthly stipend of ₹2,000 from June 2. He said this move would encourage skill development and improve employability.
The Minister said Telangana was providing better training infrastructure compared to other states. He added that the state was also creating overseas employment opportunities through TOMCOM.
He noted that ₹90 crore was allocated for these initiatives, including ₹30 crore for language training. He said a team would visit Germany next month to explore job opportunities for youth.
Venkatswamy also said the government planned to introduce a law for gig workers. He stated that the law would provide legal protection to workers in the unorganised sector.
Referring to Rahul Gandhi, he said the proposal aligns with assurances given during the Bharat Jodo Yatra.
The Minister said the Telangana economic growth plan combines investment, skill development, and labour protection to drive long-term progress.