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TBiz: Telangana Business Daily

Thursday, March 27, 2025  

Lead Story: BYD’s Big Bet on Hyderabad
China’s electric vehicle titan BYD is set to transform Telangana’s industrial landscape with a proposed ₹85,000 crore ($10 billion) manufacturing plant near Hyderabad. Spanning 500 acres, the facility aims to produce 600,000 EVs annually by 2032, paired with a 20 GWh battery plant. The Telangana government has rolled out the red carpet, offering three site options and full support. After a stalled $1 billion bid in 2023, this marks a breakthrough, potentially easing import costs and positioning Hyderabad as an EV hub. Regulatory nods pending, but optimism runs high. 

Economy Watch: Steady Growth Amid Global Shifts
Telangana’s economy continues its robust stride, with the service sector driving 66.3% of Gross State Value Added (₹9.83 lakh crore) in 2024-25, per the Socio-Economic Outlook. Real estate and professional services lead, while the state eyes a trillion-dollar economy by 2035. The budget’s ₹3.05 lakh crore allocation, including ₹56,000 crore for welfare guarantees, balances growth and social equity. Rising debt is a concern, but officials argue capital expenditure will fuel long-term gains.  
Investment Pulse: ₹3.25 Lakh Crore and Counting

Telangana’s investment allure shines, with ₹3.25 lakh crore inflows making it a magnet for businesses. The life sciences sector alone bagged ₹40,000 crore from 150+ projects in the last 14 months. MSMEs are a focus, with industrial corridors and SEZs in the works to boost jobs. BYD’s move underscores the state’s EV ambitions, complementing its tech and pharma strengths.  

Market Mover: Olectra’s EV Edge
Olectra Greentech, BYD’s local partner, is poised for a lift as the Hyderabad plant takes shape. Already a player in electric buses, Olectra’s stock could see renewed interest as Telangana doubles down on green mobility. Investors are watching closely.  

Policy Spotlight: Incentives in Focus
The state’s EV policy, offering tax breaks and land subsidies, is under scrutiny as BYD’s deal nears. Industry voices call for broader incentives to attract component makers, ensuring a full ecosystem. A new MSME support package, with ₹500 crore in soft loans, also rolled out this week, aiming to bolster small players in the supply chain.  

Tech Beat: AI and Beyond
Hyderabad’s tech scene buzzes as T-Hub incubates 50 new AI startups in Q1 2025. With Microsoft and Google expanding local R&D, the city’s IT exports hit ₹2.5 lakh crore last year. Analysts predict Telangana could rival Bengaluru in AI innovation by 2030 if infrastructure keeps pace.  

Global Lens: Telangana on the World Stage
The state’s trade delegation to Singapore this week secured $500 million in logistics deals. With exports up 12% to ₹1.8 lakh crore in 2024, Telangana’s pharma and textile sectors are gaining traction abroad. BYD’s entry could further elevate its global profile, though trade tensions with China remain a wildcard.  

Stat of the Day
Telangana’s per capita income: ₹3,79,751 (9.6% growth), outpacing India’s 9.9% GDP rise.  

Closing Note
With BYD’s mega-plant on the horizon and a budget betting on infrastructure and welfare, Telangana is charging toward economic prominence. Global headwinds loom, but the state’s momentum suggests it’s ready to ride them out. Tomorrow: A deep dive into the Regional Ring Road’s economic ripple effects.  


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