Overview
- IT and Industries Minister D. Sridhar Babu announced the plan at FTCCI’s Growth X 2026 summit in Hyderabad.
- The initiative targets faster industrial growth, stronger investor confidence, and clearer assurances for businesses.
- A formal draft and implementation timeline have not been released, with consultations identified as the immediate next step.
- The state ties the effort to Vision 2047 goals of expanding the economy from about $200 billion to $1 trillion by 2034 and $3 trillion by 2047, alongside a CURE, PURE, RARE regional strategy.
- Officials emphasized ecosystem competitiveness shaped by AI and Industry 5.0 and presented the government as a partner to industry, as FTCCI flagged rising costs of doing business.