Telangana is actively pursuing stronger economic ties with Taiwan, with D Sridhar Babu, IT and Industries Minister announcing plans to establish dedicated manufacturing zones and exclusive textile clusters in the state for Taiwanese companies. This offer was extended during a meeting with an 11-member Taiwanese textile delegation, led by Taiwan Textile Federation President Justin Huang, at the Secretariat in Hyderabad.
Urging Taiwanese industrialists to invest in Telangana's rapidly growing textile sector, Minister Babu emphasized the state's significant opportunities compared to other Indian states. He highlighted, Telangana has swiftly risen as a formidable player in the textile industry, making a notable contribution to the state's economy. The Gross State Value Added (GSVA) from industries for 2024-25 stood at Rs 2.77 lakh crore, with textiles playing a key role. Telangana produces some of the finest quality cotton in India, he stated.
A key highlight presented by the Minister was the Kakatiya Mega Textile Park (KMTP), a state government initiative described as a ‘game-changer.’ KMTP offers integrated, world-class infrastructure covering the entire textile value chain, from ginning and spinning to weaving, processing, and garmenting. Leading international companies such as Youngone, Kitex, and Ganesha Ecosphere have already invested in the park, which benefits from its strategic location along the Hyderabad–Nagpur–Vijayawada Industrial Corridor and excellent logistics.
Assuring the delegation of the Telangana government's commitment to fostering industrial growth through global partnerships, Minister Babu pointed to vast investment opportunities in areas like functional textiles, eco-friendly dyeing, and textile recycling. He underscored the state's attractive offerings including customized land parcels, plug-and-play facilities, a skilled workforce, effective leadership, a stable government and strategic geographic advantage.
Beyond textiles, Minister Babu identified other sectors ripe for collaboration with Taiwanese enterprises, including technical textiles, electronics system design and manufacturing (ESDM), sustainable manufacturing, and innovation and research and development. This proactive outreach aims to strengthen bilateral industrial cooperation and attract significant Taiwanese investment into Telangana, he affirmed.
