Hyderabad: The Telangana govt, which has set itself the target of turning the state into a $1 trillion economy by 2034, has fast-tracked future-ready infrastructure development in Hyderabad with an eye on transforming it into a global city over the next decade.Speaking at the Nasscom GCC Summit 2026 in Mumbai, IT & industries minister Duddilla Sridhar Babu on Thursday said the plan is part of the govt’s ‘Telangana Rising Vision 2047’ framework, under which the state is nursing ambitions to boost its contribution to India’s GDP to 10% by 2047 by attracting large-scale international investment.Addressing a session ‘Beyond Policy: Designed to Win the Global GCC Race’, Sridhar Babu said the focus on rapid infrastructure development in Hyderabad was aimed at supporting unprecedented enterprise growth and preventing the spectre of urban collapse unfolding in several global cities by taking up long-term planning and future-ready infrastructure.Talking about the critical issues of sustainability and the “urban load” that often chokes innovation through traffic and resource scarcity, the minister elaborated on the state’s aggressive future-proofing strategy. He said the state’s policies centre around making Hyderabad a net-zero urban ecosystem anchored by projects such as Bharat Future City and a dedicated AI City in addition to the metro rail expansion, new airports, the 340-km Regional Ring Road, Musi river rejuvenation, Young India Skills University and the AIKAM Innovation Hub.“We are running at the speed of double-digit industrial growth,” he said, lauding the foresight of successive govts to build a world-class airport and ORR despite initial criticism. “In the next 10 years, we are going to double the size of Hyderabad’s infrastructure,” he said.Pointing out that Hyderabad is increasingly becoming a preferred destination for global capability centres across sectors including technology, banking and financial services, life sciences, semiconductors, defence, FMCG, space technology and hospitality, he said more than 70 GCCs were set up in Hyderabad in 2025, the highest in the country, with another 100 being targeted this year with employment generation potential of one lakh jobs.He said the state is preparing a roadmap to transform GCCs from conventional back-office units into ‘global value centres’ and innovation hubs.Inviting companies to invest in Telangana and Hyderabad, he said the world’s top five tech giants — Apple, Google, Microsoft, Meta and Nvidia — along with seven of the world’s top 10 semiconductor companies have anchored their future in Hyderabad.He also highlighted Hyderabad’s talent ecosystem, saying the city offered cross-sectoral expertise that allows companies to draw from technology, finance, AI and defence talent pools.“Hyderabad gives you something no other city can: the ability to cross-pollinate talent. A financial GCC in Hyderabad doesn’t just hire bankers; it hires from an ecosystem that designs AI models, builds global digital platforms, and includes security specialists from the defence vertical,” he said.Nasscom chairman Srikant Velamakanni and president Rajesh Nambiar were among those present on the occasion.
