India’s new state, Telangana, has sought over Rs 25,000 crore of loans from the World Bank for development projects. This is the state’s first request for such a large external debt. The projects includes reviving rural water bodies, enhancing electricity generation capacity and increasing potable water supply. The government has also sought at least Rs 2,000 crore from the World Bank for land acquisition and infrastructure creation for the proposed Hyderabad-Warangal industrial growth corridor.
The state government is targeting to attract at least Rs 1 lakh crore of investments over the next decade through industrial units in this corridor.
Facts About Telangana
- Telangana was under the realm of Hyderabad, which was ruled by the Nizams during British Kingdom. In 1948, it became part of Union of India.
- Telangana is India’s 29th state.
- On 2 June 2014, after many revolutions, negotiations and debate, Telangana was formed.
- Hyderabad is the common capital of Telangana and and residuary Andhra Pradesh for up to ten years.
- Telangana have 17 Lok Sabha seats and 119 Assembly seats.
- As the twelfth largest state in India, Telangana has an area of 114,840 square kilometres.
- Kalvakuntla Chandrashekar Rao was elected as the first chief minister of Telangana.
- Telangana has three National Parks: Kasu Brahmananda Reddy National Park in Hyderabad district, and Mahavir Harina Vanasthali National Park and Mrugavani National Park in Ranga Reddy district.
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