The correct answer is: A) Pharmaceuticals
Telangana is one of the leading pharmaceutical manufacturing hubs in India. The state has a strong presence of multinational and domestic companies in the sector. The pharmaceutical industry in Telangana is estimated to be worth over $10 billion and employs over 100,000 people. The sector is expected to grow at a CAGR of 15% over the next five years.
The state government has been providing various incentives to the pharmaceutical industry, such as land allotment at concessional rates, power subsidy, and tax exemption. The government has also set up a dedicated pharmaceutical park in Hyderabad, which is expected to attract more investment in the sector.
The following are some of the major pharmaceutical companies operating in Telangana:
- Dr. Reddy’s Laboratories
- Aurobindo Pharma
- Sun Pharmaceutical Industries
- Cipla
- Lupin
- Cadila Healthcare
- Glenmark Pharmaceuticals
- Hetero Drugs
- Torrent Pharmaceuticals
- Alkem Laboratories
- Ipca Laboratories
- Mankind Pharma
- Zydus Cadila
- Biocon
- BioE
- Bharat Biotech
- Serum Institute of India
The pharmaceutical industry in Telangana is a major contributor to the state’s economy. The sector provides employment to a large number of people and contributes significantly to the state’s exports. The government’s initiatives to promote the sector have been successful in attracting investment and creating jobs. The sector is expected to continue to grow in the coming years.
The other options are incorrect because:
- Option B, Information Technology (IT), is not the backbone of Telangana’s industrial landscape. The IT sector is a major contributor to the state’s economy, but it is not the largest sector.
- Option C, Aerospace and Defense, is not the backbone of Telangana’s industrial landscape. The aerospace and defense sector is a growing sector in the state, but it is not the largest sector.
- Option D, Textiles, is not the backbone of Telangana’s industrial landscape. The textiles sector is a traditional sector in the state, but it is not the largest sector.