# Telangana economic development strategy > Live situation record from CLSTR: https://clstr.news/situations/telangana-economic-development-strategy > Updated: 2026-10-16T10:55:05.000Z. Sources: 15. Developments: 2. Telangana Chief Minister A. Revanth Reddy has introduced the ‘Telangana Rising: 2047 Vision Document,’ a strategic roadmap designed to grow the state’s economy to $1 trillion by 2034 and $3 trillion by 2047. The plan utilizes a three-zone framework: the Core Urban Region Economy (CURE) for IT and services, the Peri-Urban Region Economy (PURE) for manufacturing and logistics, and the Rural Agriculture Region Economy (RARE) for food processing and agro-based industries. In pursuit of these industrial goals, the Chief Minister has begun engaging with major corporations. Following discussions with leadership from Hyundai Motor India Engineering (HMIE), including Managing Director Changyeon Cho, the company is moving forward with plans for an Integrated Global R&D facility and a mega test centre at the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad. The project involves a phased investment of ₹8,528 crore across 678 acres and is projected to create 4,276 jobs. Groundwork for the facility could begin in the coming months, an expansion intended to strengthen Hyundai’s engineering presence in Hyderabad and align with the state’s long-term economic vision. ## Timeline ### 2026-10-16: Hyundai to invest ₹8,528 crore in Telangana R&D facility Telangana CM Revanth Reddy is pitching the state for Hyundai’s ₹8,528-crore R&D and testing facility in Zaheerabad, a project expected to create over 4,000 jobs. 10 sources. https://clstr.news/cluster/telangana-cm-pitches-hyderabad-to-hyundai-for-manufacturing ### 2026-10-14: Telangana aims for $1 trillion economy by 2034 via three-zone plan Telangana Chief Minister A. Revanth Reddy announced a plan to reach a $1 trillion economy by 2034 using a three-zone strategy: CURE for IT, PURE for manufacturing, and RARE for agriculture. 9 sources. https://clstr.news/cluster/telangana-cm-outlines-3-trillion-economic-vision-amid-political-criticism --- Cite as: Telangana economic development strategy. CLSTR, https://clstr.news/situations/telangana-economic-development-strategy