The stage is set for a significant leap in Telangana's planning as the state government prepares to release the comprehensive 'Telangana Rising-2047 vision document' on Tuesday. This strategic blueprint, aimed at shaping the state's future, has been crafted with crucial contributions from national think tank NITI Aayog and the Indian School of Business (ISB) in Hyderabad.
National Alignment and Collaborative Drafting
The vision document is meticulously aligned with the national 'Vision 2047' initiative. Sources reveal that the research team from NITI Aayog provided valuable insights on achievements that sync with broader national objectives. The drafting process was spearheaded by ISB Hyderabad, which played a pivotal role in structuring the ambitious plan. Several ideas from the central government's national strategy have been incorporated into the state's roadmap, ensuring cohesion between state and national development trajectories.
Driving Growth Through Innovation and Startup Funding
Innovation stands out as a central pillar for development in the document, identified as a major driver for growth at both the state and national levels. To fuel this, substantial financial commitments have been outlined. The Central government has announced a massive budget of Rs 10,000 crore to promote innovation within the startup ecosystem.
Echoing this focus, the Telangana government plans to enhance the quality and impact of startups emerging from Hyderabad by allocating special funds. The state has earmarked a significant Rs 1,000 crore specifically for nurturing startups within its jurisdiction, signaling a strong commitment to becoming a premier innovation hub.
Comprehensive Chapters and Strategic Enablers
The 'Telangana Rising-2047' document is structured into eight detailed chapters, covering a wide array of critical themes essential for inclusive development. These chapters focus on:
- Women's empowerment
- Farmers' welfare
- Education reforms
- Youth development
- Advancements in Telangana and Hyderabad
A special chapter is dedicated to spatial area planning, while economic achievements are discussed in a separate section. Beyond these core chapters, the document outlines several key enablers, including a detailed implementation plan to ensure the vision translates into actionable results.
Embracing the China Plus One Strategy
In a move aligning with the Centre's foreign trade and investment policy, the vision document highlights the China Plus One (C+1) strategy. This approach encourages businesses to diversify their manufacturing and supply chains beyond China to mitigate risks. The primary aims are to:
- Reduce over-reliance on a single geography.
- Mitigate geopolitical and cost-related uncertainties.
- Prevent potential supply chain disruptions.
- Expand access to new and emerging markets.
This strategy promotes investing in other developing nations like Vietnam, Thailand, and Mexico, without completely abandoning existing operations in China. It positions Telangana to attract global companies looking to de-risk their operations.
The release of this document marks a pivotal moment for Telangana, charting a detailed, collaborative, and nationally-aligned course for the state's development over the next quarter-century.
