UAE–Telangana Tie-Up to Build Bharat Future City
Why in News?
During the World Economic Forum (WEF) in Davos, the United Arab Emirates (UAE) and the Government of Telangana agreed to collaborate on developing Bharat Future City (also known as the "Fourth City") near Hyderabad. The UAE Minister of Economy, Abdulla bin Touq Al Marri, and Telangana CM Revanth Reddy discussed a strategic roadmap to transform the city into a global economic and sustainability hub.
Key Points
- Net-Zero Vision: Bharat Future City is planned as India’s first Net-Zero Greenfield Smart City, spanning approximately 30,000 acres in the southern outskirts of Hyderabad (Maheshwaram-Kandukur-Shadnagar area).
- Strategic Collaboration: The UAE proposed a Joint Task Force for speedy implementation and a strategic partnership between a UAE Food Cluster and Telangana to support the rural agri-economy.
- Economic Target: The project is a cornerstone of the "Telangana Rising 2047" vision, which aims to elevate the state to a $3 trillion economy by 2047.
- Key Sectors: The city will host dedicated zones for AI (Artificial Intelligence City), Health (Medical Tourism), Education (Young India Skills University), and non-polluting manufacturing (EVs and Semiconductors).
- Global Stakeholders: Leading international firms like Marubeni and Sembcorp are already associated with the project ecosystem.
Important Terms
- Greenfield City: A project planned and built on previously undeveloped land, allowing for optimized infrastructure and sustainable design from scratch.
- Net-Zero: Achieving a balance between the greenhouse gases emitted into the atmosphere and those removed from it.
- Joint Task Force: A collaborative group of officials from both governments formed to oversee and accelerate the execution of a specific project.
- Davos (WEF): The annual meeting of the World Economic Forum in Switzerland where global leaders discuss economic policies and international partnerships.
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