IT, pharma sectors likely to be backbone of Telangana economy

Post bifurcation of Andhra Pradesh, the information technology and pharmaceuticals manufacturing sectors may become backbone of Telangana economy, leaving power production, ports and oil and natural gas to play a pivotal role in driving prosperity in the residuary state.

With nearly 1,000km-long coast line, the coastal Andhra has major private ports such as Krishnapatnam, Kakinada and Gangavaram, besides state-owned Vizag Port and can continue to reap rich harvest by way of export and import of commodities such as iron ore and coal.

As much as 20,000 MW additional power capacity is targeted during the 12th five-year plan and beyond in Seemandhra region, including 6,000 MW nuclear power plant to be set by the Nuclear Power Corporation at Kovvada in Srikakulam district.

Telangana being land-locked will have to depend mostly on road and rail for transportation.
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