Since its inception in 2014, Telangana has been at the forefront of changing corporate policies and has carried out numerous development projects. One of the several essential undertakings by the state authorities has been the infrastructure development in the newly formed state.
The economy of Telangana is the eighth largest of all Indian states with a GDP of $140 billion and a GDP per capita of Rs. 228,000 ($3,200). Telangana ranks 22nd among Indian states on the Human Development Index. The state infrastructure development is being prioritised to ensure the state’s high quality of business and life.
Telangana's official development vision is "Research to Innovation; Innovation to Industry; Industry to Prosperity".
Growing Medical Infrastructure in Telangana
Since its inception, the Telangana State government has invested approximately Rs 155 crore in establishing a systematic maternal and child health structure. As part of this project, the government infused Rs. 121.3 crore in the development of nine maternal and child health centres with a capacity of 150 beds in the state. Close to four new MCH facilities of 50 beds ability are under development at a cost of Rs 2.36 crore.
Adding ICU facilities
Numerous trauma centres in the Telangana region have been established since 2015. So far, authorities have developed 20 intensive care units to fill the large gap in series due to the rising caseload of the COVID-19 pandemic. The government has set up specialised post-operative intensive care units at hospitals across the state dedicated to providing care to patients undergoing complex surgeries.
Dharani – Integrated Land Records Management System
The government of Telangana has built and operates a new integrated land registration system called Dharani. It was launched in October 2020. This registration portal combines land management and registration services in the state. It serves as a reliable source for all assets and is closely coordinated in real-time to perform all ground-related tasks efficiently. Dharani also offers a GIS system that provides a visual representation of cadastral data.
Extensive Network Infrastructure
The state strives to provide high-speed Internet service in data centres nationwide to ensure that application hosting offers minimal latency to users. This feature has been enhanced by updating the Internet Gateway to make it easier for NICNET users nationwide to access the Internet. NICNET is a satellite-based nationwide computer-communication network made by the National Informatics Centre which runs as a Wide Area Network (WAN). To maintain accurate timing and synchronisation of all network elements and servers on the network, Stratum-1 clocks are installed at Delhi and Hyderabad.
Strengthening Education Infrastructure
With the 2021 budget, the Telangana state government has upgraded the education sector’s allotment to Rs 4,000 crore for school and university infrastructure. The quality of infrastructure in many public schools, universities, and hyperlocal education centres like Anganwadis will change in the following academic year. The government has increased its budget for 2021-2022 to build public schools as part of the Samagra Shiksha and Rashtriya Madhyamik Shiksha Abhiyan.
How can Businesses Benefit from Government Infrastructure Investment?
Infrastructure investment by the Telangana Government is a handy tool for the macroeconomic stabilisation of small businesses and general people in the state. Most figures of the output “multiplier” for infrastructure investment are substantially higher than other fiscal interventions. If monetary policymakers support the budgetary boost of infrastructure investment, each Rs. 100 crore infusion in infrastructure spending could augment job increase by roughly ~5 lakhs.
More significant public investment by the government effort can also boost productivity in the long run by increasing the public capital stock. The rate of return on infrastructure financing is enormous, and infrastructure development in all sectors, be it health, education, digital or physical, is a good sign of growth, especially for new businesses.