Telangana Gets Rs 6K-Cr Investments In 1 Year

Hyderabad emerges as favourable destination for GCCs, while home to numerous startups and mfg companies - D Sridhar Babu, IT & Industries Minister, Telangana

Hyderabad: Telangana State witnessed a remarkable progress in IT, industries, and innovation over the past year. This is a testament to our vision, policies, and the collaborative spirit of our people and government, said Duddilla Sreedhar Babu, Telangana IT & Industries Minister, while listing out what all GCCs, global technology companies, manufacturing firms have set up operations or expanding activities in Telangana State during past one year of A Revanth Reddy-led Congress government. The minister said that so far in 2024, Telangana State facilitated investments of Rs6,000 cr since January 2024, creating 5,200 direct jobs.

According to Sridhar Babu, FedEx, ZF Liftec, LSE Group’s Tech CoE, Cognizant are in the process of generating over 18,000 jobs for local youth in Telangana.

FedEx, the global logistics leader, established its Advanced Capability Community in Hyderabad with a $1000-mn investment, creating 1,000 jobs in the first year.

ZF Lifetec, a German automotive safety innovator, launched one of its three global R&D centers in Hyderabad, employing 450 engineers in the first year.

Marriott: The world-renowned hotel chain chose Hyderabad for its first GCC, starting with 300 employees. MATH CoE was inaugurated in March 2024, fostering AIML innovation.

Other major expansions include: London Stock Exchange Group established Tech CoE in January 2024, and is scaling rapidly from 300 to 1,000 employees.

Cognizant had announced 15,000 new jobs and a new office after meeting with the CM A Revanth Reddy in the USA.

Arcesium has expanded its AI and data team with 500 new hires, marking its first overseas GCC in Hyderabad. Uber has been growing its AI/ML workforce by 1,000 employees and aligning with our sustainability goals through Uber Shuttle and Green initiatives.

Micron Technology with 82 per cent of its India workforce based here, Hyderabad remains the backbone of its global operations, employing over 4,500 engineers.

Empowering Startups

As many as 441 startups raised over $291-mn funding in the State. Other initiative ‘Market Connections’ has facilitated 983 business partnerships. Mentor Hours: Delivered 1,488 hours of guidance. Electronics Wing Achievements

Other major projects include: Kaynes Technologies, which inaugurated an advanced electronics unit. Amara Raja’s lithium-ion Giga Factory has been launched. Foxconn’s Kongarakalan facility is set to start production soon. The State government has launched Telangana AI City, a 200-acre hub for AI innovation.

Emerging Technologies

Global AI Summit 2024 had attracted participation from over 10 countries and 10,000 attendees.

Partnered with global giants like NVIDIA, Microsoft, and AWS for AI infrastructure. GCC Conclave was a landmark event with over 200 GCCs engaging with startups.

T-Hub has been driving innovation mentoring startups.

The State government hosted Global AI Summit, MATHACK 2.0, with 10,000 over applications and 2,700+ teams.