The state of Telangana has been carved out of Andhra Pradesh. It was formally given a independent statehood in February 2014 with Hyderabad as its capital. It is the 12th largest state in India, with geographical area of 1,12,077 sq km. The state comprises 33 districts with major cities like Warangal, Nizamabad, Khammam and Karimnagar. The government of India declared 2 June 2014 as the Telangana Formation Day.
In FY15 the state saw announcements of 349 fresh projects worth Rs 45,955.12 crore. In the next two financial years the fresh investment in the state grew Rs 96,794 crore with 1,464 new projects announced. The trend in the fresh investment continued with 425 fresh projects with investment intention of Rs 43,847 crore. Overall, the state has attracted 2,625 fresh projects with investment to the tune of Rs 2,18,480 crore between FY15-Q3/FY19.
Over the years, the state has seen significant increase in the projects investment in various industries — particularly in Services and Utilities (Infrastructure), Irrigation and Power.
The Services and Utilities (Infrastructure) sector which is the backbone of economic development registered fresh investment worth Rs 1,08,024 crore between FY15-Q3/FY19. Similarly, the Irrigation sector saw fresh announcements worth Rs 44,873.19 crore. Whereas the Power sector over the past four-and-a-half years attracted Rs 34,278 crore fresh investment.
In a move to ease traffic congestion an elevated Hyderabad Metro rail project has been undertaken. The project will be developed in phases. The city transport system has identified 10 busy corridors covering 150 km requiring mass public transport system with 14 stations in Phase-I. The project is currently underway. In Phase-II, 115 km Metro rail is proposed to be constructed.
Ownershipwise The Government sector accounted for 70 percent of the fresh projects announced between FY15 to Q3/FY19. In all, a total of 1,855 new projects with an investment to the tune of Rs 1,41,092 crore were announced by both the Central and state government. The Private sector on the other hand saw investment commitment of Rs 77,388 crore. In terms of value project investment, both the Central and state government have seen a steady rise. The fresh investment by the Central government has seen a rise from Rs 5,000 crore in FY15 to Rs 10,340 crore in FY18. Similarly, fresh projects by the state government also grew from Rs 27,597 crore in FY15 to Rs 35,800 crore in FY17. In FY18, fresh investment by the state government was posted at Rs 26,677 crore.
Big ticket projects announced
A major project to be taken up in the state is Kaleshwaram Irrigation Scheme by the Kaleshwaram Irrigation Project Corporation. The project envisages construction of a barrage across river Godavari near Medigada village for diversion of 195 TMC of Godavari water to irrigate about 18.25 lakh acre of land in 13 districts of the state. The total length of water canal system is about 1,832 km. The project will also provide drinking water facility for Hyderabad and Secunderabad cities. The one-of-its-kind irrigation project is the biggest one taken up by any state in the country so far.
The Steel Authority of India is planning to set up a mega steel unit at Bayyaram in Khammam district. The unit will have a capacity of three million tpa. The mega project will see investment to the tune of Rs 30,000 crore.
The state has seen a major feat with completion of a mining project in Adilabad district. The project involved setting up 1,200 MW (2 x 600 MW) coal-based thermal power unit at Pegadapalli village, Jaipur Mandal in Adilabad district.The project implemented in two phases spans over 1,900 acre of land. The thermal power unit worth Rs 7,573 crore has been executed by Singareni Collieries Company.
A major commercial project worth Rs 7,000 crore was abandoned. CBD Tower, an SPV floated by Reliance Infrastructure in a joint venture with the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), had planned to develop a business complex ‘Hyderabad Business District’ at Manchirevula village in Ranga Reddy District. The building was touted as the tallest one in the country. The project was dropped as Reliance Infrastructure sought certain amendment in the agreement which was not accepted by APIIC.