Explore Telangana's Rapid Economic Growth in 2023

Be Part of Telangana's Growth Story with TenderX

Telangana, the youngest state in India, is growing at an impressive rate. Since its formation in 2014, the state has become a melting pot of diverse cultures, languages, and traditions. Known for its composite culture significance, Telangana offers a unique blend of the ‘South of North and North of South’.

Why Invest in Telangana?

Telangana stands out as one of the fastest-growing states in India. The growth rate of the Telangana economy has averaged 13.90% annually over the past five years. In 2022-23, the state's GSDP reached ₹13.27 lakh crore, marking a 15.6% increase from the previous year. This robust growth is complemented by significant Telangana investment opportunities in 2023, making it an attractive destination for investors.

Key Drivers of Telangana's Economy

Services Sector Contribution

The services sector is the largest contributor to Telangana's economy, accounting for 62.8% of the state's GSVA in 2022-23. This sector's growth underpins the state's economic dynamism.

Hyderabad IT Sector Growth

Hyderabad, the capital city, is a hub for the IT industry. With major IT companies in Telangana, the city ranks among the top global cities in JLL’s City Momentum Index. The expansion of the Hyderabad IT sector fuels the state's economic engine.

Hyderabad Pharma Sector Investment

The Hyderabad pharma sector is poised for exponential growth. In 2022, the city attracted investments worth ₹7,500 crore in the pharma, biotech, and medical devices sectors. With Telangana SEZs details updated for 2023, the state continues to draw significant attention from global pharma giants.

Telangana Economic Development Plans

The state government is focused on Telangana infrastructure projects for 2023, including the establishment of a pharma city and the development of the IT sector. These plans align with the government's vision to promote public-private partnerships.

Access Telangana Tenders Easily

Accessing tenders is now simpler than ever with the eProcurement Telangana portal benefits. TenderX offers comprehensive eTender Telangana access, enabling businesses to find relevant tenders based on specific criteria. Whether it's e procurement, e tender, or online tender searches, TenderX streamlines the process.

Hyderabad Data Center Investments

Hyderabad is witnessing a surge in data center investments. Microsoft is setting up its largest data center in the country, committing ₹15,000 crore over the next 15 years. This investment will significantly boost the digital infrastructure.

Agriculture Growth Statistics

Telangana's agriculture sector is also on the rise. In 2021-22, the production of fruits and vegetables reached impressive figures, contributing to the state's agricultural growth statistics.

Call to Action

Discover endless opportunities with TenderX. Visit TenderX today to explore Telangana tenders and be part of the state's growth journey.