Economy of Telangana
The Economy of Telangana is mainly supported 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 local 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.[1][2]
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.[3]
Telangana is a mineral-rich state, with coal reserves at Singareni Colleries.[4]
Economy
Agriculture
Rice is the major food crop and staple food of the state. Other important crops are tobacco, mango, cotton, and sugar cane. Agriculture has been the chief source of income for the state's economy. Important rivers of India, the Godavari, Krishna flow through the state, providing irrigation. Apart from major rivers, there are small rivers as 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.
Agri Export Zones for the following produce are proposed at the places mentioned against them:
- Gherkins – Mahaboobnagar, Rangareddy, Medak, Karimnagar, Warangal
- Mangoes and Grapes - Hyderabad, Rangareddy, Medak, Mahaboobnagar
Industries
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Several major manufacturing and services industries are in operation mainly around Hyderabad. Automobiles and auto components industry, spices, mines and minerals, textiles and apparels, pharmaceutical, horticulture, poultry farming are the main industries in Telangana.[citation needed]
In terms of services, Hyderabad is usually nicknamed as Cyberabad due to its information technology foray and location of major software industries in the city.[5][6] Prior to secession, it contributed 15% to India's and 98% to Adhra Pradesh's exports in IT and ITES sectors last 2013[7] With Hyderabad as in the front line of Telangana's aims 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, Bio-technology park at Turkapally.[citation needed]
Telangana, specifically Jubilee Hills, Hyderabad, is the headquarters of an international non-profit, the Indian Heart Association.
Tourism
Telangana State Tourism Development Corporation (TSTDC) is a state government agency which promotes tourism in Telangana.[8] Telangana has a variety of tourist attractions including historical places, monuments, forts, water falls, forests and temples.
References
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