TG A Thriving Destination For Startups: Sridhar Babu

Hyderabad: Telangana is fast cementing its position as a global innovation hub and a thriving destination for startups, said IT and Industries Minister Duddilla Sridhar Babu.

Speaking after inaugurating Global Innovation Hub established by Netherlands-based ARIQT at Raidurgam in the city, the Minister announced that the new facility would generate 300 fresh employment opportunities.

Highlighting the transformative growth of the IT sector over the past two decades, Sridhar Babu noted that Telangana’s GDP and per capita income now surpassed the national average.

“Telangana’s annual IT exports have reached an impressive $30 billion. The State is home to over 6,000 startups and approximately 1,500 small and medium-sized software enterprises. Additionally, prominent global organizations are setting up Global Capability Centers (GCCs) here, further enriching the ecosystem. These advancements have created an abundance of employment opportunities for our talented youth,” he added.