Congress government’s winning playbook
Telangana has been treading the path of progress, while taking continual and huge strides towards overall development. The State proudly marches ahead to meet the multi-trillion dollar economy goal, thus scripting a new chapter of growth under the leadership of Chief Minister A. Revanth Reddy.
The past few months have shown that the Congress government is not only serious about attracting global investments but is also aligning them with a bold, long-term vision: making Telangana a $1 trillion economy by 2035 and a $3 trillion powerhouse by 2047.
Hyderabad, certainly, lies at the centre of this strategy. Once known mainly for its IT sector, the city is now being repositioned as a global services hub – a knowledge and innovation capital that will host the world’s best talent and technology.
Why are global giants choosing Hyderabad…
Revanth Reddy has been clear about his dream: Hyderabad should be a “services-only city”, while manufacturing and heavy industry will be shifted to areas between the Outer Ring Road (ORR) and the Regional Ring Road (RRR). He has been reiterating this vision of “TelanganaRising 2047” right from the initial months of his assuming office. This approach creates a strong rural-urban economic bridge, ensuring that prosperity is not concentrated in the capital alone but shared across the districts.
The results of this vision are already visible. In July and August 2025 alone, Hyderabad witnessed a series of high-profile Global Capability Centre (GCC) openings, putting Telangana firmly on the global business map.
From Costco to Daikin: Companies that set foot on Hyderabad soil
Costco: One of the world’s largest retailers, the company announced on July 21, 2025, that it would establish its technology and GCC operations in Hyderabad. With an initial 1,000 jobs planned, this move brings advanced retail-tech and supply-chain analytics expertise to Telangana.
Eli Lilly: The global pharma major launched its technology and innovation centre in early August. With a target of hiring 1,500 professionals in the next 2-3 years, the facility strengthens Hyderabad’s already powerful life sciences and med-tech ecosystem.
Dai-ichi Life: A Japanese insurance giant, it opened its first-ever GCC outside Japan in Hyderabad in August. Starting with 50-60 employees and planning to grow to 500-600, the centre will focus on digital insurance technologies, cementing Telangana’s role in global fintech and insure-tech solutions.
Daikin: Renowned globally for its air-conditioning solutions, the market leader, in partnership with EY, announced a GCC in India with Hyderabad as a hiring base. This move adds industrial IoT, AI, and product digitisation to the State’s talent capabilities.
Deutsche Börse Group: One of Europe’s largest stock exchange operators, the company inaugurated its Hyderabad GCC on August 21, 2025. The centre will employ several hundred professionals across AI/ML, cloud computing, and cybersecurity, making Hyderabad a serious fintech hub.
Creating jobs, empowering Telangana’s workforce
Collectively, these GCCs bring thousands of direct jobs and create a multiplier effect across real estate, services, and vendor ecosystems. More importantly, they push Telangana’s workforce into the global job market and cutting-edge technological space – spanning pharma-tech, fintech, retail-tech, industrial IoT, and capital markets innovation.
Analysts estimate that the return on investment (ROI) from these GCCs is extremely attractive for their parent companies, with payback periods as short as a few months thanks to Hyderabad’s talent and cost advantages. But for Telangana, the benefits go deeper: long-term employment, global brand positioning, and the creation of a next-generation skills base that will support sustained growth.
Revanth Reddy’s government has played a proactive role in this success. By offering policy clarity, fast approvals, and infrastructure support, Telangana has been able to edge out competing States in landing these marquee investments. More importantly, the Chief Minister’s articulation of a balanced development strategy – services in Hyderabad, industries between ORR and RRR – ensures that economic activity spreads across the State.
The linkage of rural and urban Telangana through industrial corridors is a forward-looking model that could become a role model for other States to emulate.
Building blocks for $3 trillion economy goal
As the GCC wave accelerates, Telangana’s larger ambition comes into sharp focus. A $1 trillion economy by 2035 and a $3 trillion economy by 2047 may sound like distant milestones, but the building blocks are already being laid.
Global investments in knowledge industries, combined with manufacturing growth in newly-planned industrial belts, can shape Telangana’s journey by pushing the State on to a fast-paced, high-growth trajectory.
Hyderabad’s transformation into a services-only global city, supported by world-class GCCs and surrounded by strong industrial nodes, represents a vision and a template for sustainable and inclusive growth.
Under Revanth Reddy’s leadership, Telangana is proving that with the right mix of ambition and execution, the State can emerge as India’s innovation heartland and a significant contributor to the country’s trillion-dollar dreams.