Economy
The economy of Telangana is mainly driven by agriculture. Two important rivers of India, the Godavari and Krishna, flow through the state, providing irrigation. Farmers in Telangana mainly depend on rain-fed water sources for irrigation. Rice is the major food crop. Other important crops are cotton, sugar cane, mango, and tobacco. Recently, crops used for vegetable oil production such as sunflower and peanuts have gained favour. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam, the world's highest masonry dam.[67][68]
The state has also started to focus on the fields of information technology and biotechnology. Telangana is one of top IT-exporting states of India. There are 68 Special Economic Zones in the state.[69]
Telangana is a mineral-rich state, with coal reserves at Singareni Collieries Company.[70]
Agriculture[edit]
Rice is the major food crop and staple food of the state. Other important crops are maize, tobacco, mango, cotton and sugar cane.[71]Agriculture has been the chief source of income for the state's economy. The Godavari and Krishna rivers flow through the state, providing irrigation. Apart from major rivers, there are small rivers like Tunga Bhadra, Bima, Dindi, Kinnerasani, Manjeera, Manair, Penganga, Pranahitha, peddavagu and Taliperu. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam, the world's highest masonry dam.[72]
Agri Export Zones for the following produce have been proposed for the following locations:[citation needed]
- Gherkins – Mahabubnagar, Rangareddy, Medak, Karimnagar, Warangal
- Mangoes and grapes – Hyderabad, Rangareddy, Medak, Mahabubnagar
Industries[edit]
Several major manufacturing and services industries are in operation mainly around Hyderabad. Automobiles and auto components, spices, mines and minerals, textiles and apparels, pharmaceutical, horticulture, and poultry farming are the main industries in Telangana.[73]
In terms of services, Hyderabad is nicknamed "Cyberabad" due to the location of major software industries in the city.[74][75] Prior to secession, it contributed 10% to India's and 98% to Andhra Pradesh's exports in the IT and ITES sectors in 2013[76] With Hyderabad in the front line of Telangana's goal to promote information technology in India, the city boasts the HITEC City as its premier hub.
The state government is in the process of developing industrial parks at different places, for specific groups of industries. The existing parks are Software Park at Hyderabad, HITEC City for software units, Apparel Park at Gundlapochampalli, Export Promotion Park at Pashamylaram, Biotechnology park at Turkapally.[citation needed]
Hyderabad is also a major site for healthcare-related industries including hospitals and pharmaceutical organizations such as Nizam's Institute of Medical Sciences, Yashoda Hospitals, LV Prasad Eye Care, Akruti Institute of cosmetic and plastic surgery, Fever Hospital, Durgabai Deshmukh, Continental Hospitals and Apollo Hospitals. Many pharmaceutical and pharmaceutical-related companies like Dr. Reddy's Laboratories, Shantha Biotechnicsand GVK BIO are based out of Hyderabad.
In addition, Hyderabad-based healthcare non-profits include the Indian Heart Association, a cardiovascular disease NGO.[77]
Tourism[edit]
Telangana State Tourism Development Corporation (TSTDC) is a state government agency which promotes tourism in Telangana.[78] Telangana has a variety of tourist attractions including historical places, monuments, forts, waterfalls, forests and temples.
Awards[edit]
Telangana state has won CNBC-TV18's Promising State of the Year Award for the year of 2015. The Jury for the India Business Leader Awards (IBLA) has collectively chosen Telangana for the award.[79][80]
Source: Wiki
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