Vision Document a strategic compass for TG growth: Bhatti
Says state must transform from controller of capital to a catalyst
image for illustrative purpose
Hyderabad: During the short discussion in the Legislative Assembly on “Telangana Rising 2047 – Aims & Objectives” on Tuesday, Deputy Chief Minister Bhatti Vikramarka stated that the Vision Document is not merely a government report, nor just a political planning document. It is a directional guide for the future of our children, titled “Telangana Rising 2047.”
Bhatti Vikramarka said the Vision Document is based on the rigorous principles of endogenous growth models and it makes it clear that achieving this goal is not possible merely by adding more workers.
"We need a “productivity shock.” Accordingly, the government has set itself a tough target: raising the investment rate to 52 per cent of GSDP.
To achieve this, the state must transform itself from a controller of capital to a catalyst of capital. This investment will be mobilised through a combination of domestic savings, foreign direct investment, and for the first time, a dedicated Fund of Funds to de-risk innovation for our startups, the Deputy Chief Minister explained.
For a long time, development in India has meant “islands of excellence in a sea of neglect.” While Hyderabad prospers, remote districts wait for trickle-down benefits. This document discards that model, he said.
"Within the ORR, we will build a net-zero, services-driven megacity. This includes the 30,000-acre Bharat Future City, housing an AI City and a Health City. Between the ORR and the Regional Ring Road, we will build the manufacturing engine. This is where factories, logistics hubs, and blue-collar jobs will flourish.
Similarly, Beyond the Regional Ring Road, agriculture will no longer be treated as a subsistence activity. It will be transformed into a high-value bio-economy, with a focus on food processing and eco-tourism," Bhatti Vikramarka said.
"Through the Young India Skills University, the government is adopting the German dual system of apprenticeship. Students will not only sit in classrooms; they will spend 3–4 days on the shop floor and 1–2 days in classrooms. We are shifting from “degrees” to “competencies,” the Deputy Chief Minister explained.
Further, the State government is committed to raising health expenditure to 8 per cent of GSDP, because an unhealthy workforce cannot build a 3-trillion-dollar economy. The central objective of this document is to turn one crore women into millionaires. We are not merely providing loans to Self-Help Groups; we are transforming these collectives into corporate entities, Bhatti Vikramarka said.
