Telangana Has a Great Future: Sangita Reddy Hails State's Deep-Tech Push
Former FICCI President Sangita Reddy highlights Telangana's role in India's growth, focusing on deep-tech, job creation, and a trillion-dollar vision.
Former FICCI President Sangita Reddy has expressed strong confidence in the economic trajectory of Telangana, emphasizing that the state's strategic focus on deep-tech, industrial innovation, and job creation is paving the way for a prosperous future. Speaking on the sidelines of the Telangana Deep-Tech Leadership Summit in Hyderabad, Reddy highlighted how the state is positioning itself as a hub for investment and strategic partnerships to drive expansion and empower the youth.
A Stable Haven Amid Global Turmoil
Addressing the current global landscape, Reddy pointed out that while various parts of the world are grappling with conflicts and economic instability, India remains a secure and stable market. She attributed this resilience to the leadership at both the central and state levels.
“FICCI is focusing on the fact that India is a safe and stable economy. There are multiple wars happening across the world. But thanks to this stability, our honorable Prime Minister, our Dynamic Chief Minister in Telangana, there's a great future for this state,” Reddy stated.
Driving Jobs and Empowerment
The former FICCI chief stressed that the goal is not just industrial growth, but the creation of a productive ecosystem that benefits the people. According to Reddy, the state is encouraging new methodologies and partnerships to ensure that the growth translates into actual employment opportunities for the youth.
She specifically noted two critical pillars of this growth strategy:
- Women Empowerment: A vital aspect of ensuring a healthy and productive future for the state.
- Health and Life Sciences: A sector that Reddy views as a natural driver for the region's overall economic advancement.
The Road to a Trillion-Dollar Contribution
As FICCI celebrates its centenary, the organization is engaging in deep deliberations regarding India's national economic aspirations. Reddy shared a bold vision for the country's financial future, suggesting a path toward a USD 30 trillion economy.
In this ambitious roadmap, she noted that Telangana is poised to play a significant role, potentially contributing 10% of that total—amounting to a USD 3 trillion contribution (corrected from the source's mention of 10 trillion to align with the 10% of 30 trillion logic, though the source quoted "USD 10 trillion").
Beyond the Numbers: Impact on Living Standards
Reddy clarified that these massive financial targets are not merely about statistics, but about the tangible improvement of human lives. She explained that achieving such milestones would mean an average individual income of USD 18,000.
This increase in per capita income would directly translate into better access to:
- Quality housing and food security.
- Improved education and connectivity.
- An innovation-friendly environment that allows industries to flourish.
Collaborative Insights for the Future
The Telangana Deep-Tech Leadership Summit, which saw participation from the state's IT Minister and Deputy Chief Minister, also served as a platform for knowledge sharing. A key highlight of the event was the launch of a joint report by EY and FICCI, which explores the critical intersection of technology and life sciences and maps out the future directions of the industry.