Saturday, 15 August 2015

Economy of Telangana

Economy of Telangana
  • Agriculture is the main source of economy in Telangana. The rivers Godavari and Krishna aid in irrigation. Local crops include rice, cotton, mango and tobacco. Sunflower and peanuts are also grown for producing oil. Multi-state irrigation projects include Godavari River Basin Irrigation Projects and Nagarjuna Sagar Dam which is the world's highest masonry dam. Hyderabad is the main source of revenue as there is lot of economic activity here.
  • Hyderabad is known for IT Parks and IT-enabled services (ITeS). There are Special Economic Zones (SEZs) in Telangana. Manufacturing units are based in Hyderabad, Rangareddy, Medak and Nalgonda districts. Mining, food processing, dairy and farming, poultry also aid in economy of Telangana state.    
  • Hyderabad is the torch-bearer for all other districts in Telangana with an international airport in place, educational institutions, skilled professionals, Metro-rail project, suitable weather, IT Parks and infrastructural growth. 
  • Nirmal wooden toys and Dhokra casting crafts of Adilabad are famous all over the country. Hyderabad emerged as a pharmaceutical and biotechnology hub and is known as "Genome Valley of India". 'Fab City' and the 'Nano Technology park' signify  infrastructural growth in the field of Bio-technology in Hyderabad.
  • Khammam district is known for growing horticultural crops such as  mango, cocoa, banana, coconut, oil palm, cashew, pepper etc. 
  • Economy of Karimnagar depends more on agriculture and related industries such as rice mills, saw, oil, animal husbandry, seed and other processing mills. There are industries which manufacture tiles, stone dressing and crushing, paper, cement concrete pipes etc. Silver filigree work is famous too. Jammikunta is an important industrial city in Karimnagar district. 
  • Adilabad district, Khammam district, Medak district, Warangal district, Ranga Reddy district and Nizamabad district are receiving funds from Backward Regions Grant Fund Programme (BRGF).

                                                                 
  • Since lime stone is readily available in Nalgonda district and also in the neighbouring Guntur district, Nalgonda is a cement manufacturing centre in Telangana. There are large number of Cement industries in Nalgonda. Miryalaguda in Nalgonda district is famous for rice mills. There are many banks, few small scale industries and cement and fertilizer industries in Ranga Reddy district.
  • Society for Andhra Pradesh Network (SAPNET)is presently running 4 television channels known as MANA TV and one data channel. These channels provide distance learning for school education, telemedicine, e-governance and rural development and agriculture. 
  • Hyderabad is the major source of economy for Telangana state. all other districts are steering forth in the direction of infrastructural and industrial development.

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