#Telangana CM Okay #Revanth Reddy met PM Modi to hunt approval for key initiatives, along with the Rs 24,269 crore #Hyderabad Metro Phase-II and the Hyderabad-Bangalore defence manufacturing corridor.

New Delhi:

On Saturday, #Telangana Chief Minister Okay. #Revanth Reddy met Prime Minister #Narendra Modi in New Delhi and sought approval for two important initiatives geared towards boosting the state’s infrastructure and defence manufacturing sectors. Among the primary requests was the approval for the Rs 24,269 crore #Hyderabad Metro Rail Phase-II problem and the official recognition of the Hyderabad-Bangalore defence manufacturing corridor.

During the meeting, Chief Minister Reddy made a whole presentation on 4 key areas: the expansion of the #Hyderabad Metro Rail neighborhood, regional connectivity infrastructure, the occasion of the semiconductor ecosystem, and the promotion of the defence manufacturing sector in #Telangana.

In the meeting held individually at Bharat Mandapam proper right here, Reddy sought cabinet approval for #Hyderabad Metro Rail Phase-II, which envisages progress of 76.4 km all through 5 corridors. The present Phase-I covers 69 km all through three corridors and was carried out at a worth of Rs 22,000 crore.

According to the funding pattern, the Centre’s share will be 18 per cent (Rs 4,230 crore), state authorities’s contribution 30 per cent (Rs 7,313 crore) and the remaining 48 per cent (Rs 11,693 crore) will be by way of debt financing.

“No expansion has been taken up in the last 10 years by the previous government. The present government has submitted comprehensive proposals for Phase-II expansion,” Reddy knowledgeable the Prime Minister.

The state authorities had submitted the proposals to Ministry of Housing and Urban Affairs on November 4, 2024, and has already provided clarifications sought by the ministry, the discharge said.

The chief minister recognized that Chennai Metro Phase-II (Rs 63,246 crore) was accepted in October 2024, whereas Bangalore Metro Phase-II (Rs 14,788 crore) acquired nod in April 2021 and Phase-III (Rs 15,611 crore) in August 2024.

Reddy moreover sought approval for the Regional Ring Road comprising northern and southern corridors spherical Hyderabad. The northern half from Sangareddy to Choutuppal covers important cities along with Narsapur, Toopran, Gajwel, Jagdevpur and Bhongir.

For the northern corridor, NHAI has already initiated land acquisition with the state sharing 50 per cent of LA costs. Awards for over 90 per cent land have been despatched to NHAI for approval and tenders have been floated.
The CM requested simultaneous progress of every northern and southern parts, citing guests saturation on present Outer Ring Road with over one lakh cars per day.

“Unless both parts are taken up simultaneously, the roads cannot be put to efficient use. Delayed implementation of southern part will lead to cost escalation,” he said.

The state moreover proposed Regional Ring Railway parallel to the 370-km ring freeway and a greenfield expressway from Bandar port to dry port near Hyderabad to boost the pharmaceutical sector.

Highlighting #Telangana’s semiconductor ecosystem with world R&D centres of AMD, Qualcomm, NVIDIA and producers like Foxconn and Kaynes, Reddy sought the Centre’s assist for India’s Semiconductor Mission (ISM) initiatives.

“#Telangana offers seismic safety, industrial land, skilled workforce and strong infrastructure making it ideal for semiconductor investments aligned with the target of USD 500 billion electronics production by 2030,” he said.

The Chief Minister sought official notification of Hyderabad-Bangalore defence corridor, stating that completely different states receive protection assist whereas mature ecosystems like Hyderabad are uncared for.
Hyderabad hosts over a dozen Defence PSUs, 1,000-plus MSMEs and has attracted world majors along with Lockheed Martin, Boeing, GE, Safran and Honeywell.

Reddy requested fast-track approvals for defence joint ventures, assured authorities orders for OEMs, and a Production Linked Incentive scheme for defence MSMEs coping with extreme investments and prolonged gestation intervals.
The CM moreover sought to host the next DefExpo in Hyderabad, emphasizing city’s place as the largest Make in India hub for aerospace and defence manufacturing.

Reddy was throughout the nationwide capital to attend the tenth governing council meeting of the federal authorities assume tank NITI Aayog. Later, the Chief Minister met the Union Minister for Heavy Industries H D Kumaraswamy and talked about state factors.

(PTI inputs)

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