TG Will Foster Industrial Growth, Says Sridhar Babu

Hyderabad: Telangana Minister for IT and Industries D Sridhar Babu on Friday said that the government is committed to fostering industrial growth and creating employment opportunities for the youth.

Announcing a major investment initiative, the Minister revealed that Centillion Networks’ subsidiary, HC Robotics is set to invest Rs 500 crore in the State, further solidifying Telangana’s position as a tech and innovation hub. Speaking at a press conference at the Secretariat, alongside company representatives, the Minister said, “With its headquarters in Hyderabad, Centillion Networks and HC Robotics operate in nine countries, specialising in drone technology, robotics, and aerospace software development. The company currently employs 2,000 professionals. Now, with an additional Rs 500 crore investment, they are poised to create 500 new jobs this year, with employment opportunities expanding to 2,000 over the next three years.”

“Until now, IT investments in Telangana have been largely concentrated in Hyderabad. However, the State government is determined to extend opportunities to talented youth in rural and semi-urban areas,” he disclosed.

“We are committed to expanding IT industries beyond Hyderabad into tier-2 and tier-3 cities. This initiative ensures that young professionals from smaller towns also get access to employment opportunities. As part of this vision, we are actively encouraging industrialists to invest in these regions. Centillion Networks has already launched operations in Karimnagar, and several other companies are following suit,” the Minister said.