Sridhar Babu urges Indiana State Representatives to Invest in Telangana

Hyderabad: Minister for IT and Industries Sridhar Babu has urged representatives of the US State of Indiana to promote investments from industrialists in their region by highlighting the business-friendly environment in Telangana.

A delegation led by Indiana Secretary of State Diego Morales met Minister Sridhar Babu at the Assembly Committee Hall on Monday. During the meeting, the Minister elaborated on the initiatives taken by the Telangana government to boost industrial development and the various incentives being offered to investors.

He emphasised that under the leadership of Chief Minister Revanth Reddy, the State is strategically working towards achieving a trillion-dollar economy, with the industrial sector playing a pivotal role in this mission.

Sridhar Babu also highlighted the agreements signed during this year’s Davos Summit, where industrialists committed to investing Rs1.78 lakh crore in Telangana.

"Telangana is emerging as a global hub for cutting-edge technologies, attracting worldwide attention. The government is committed to supporting innovative enterprises and entrepreneurs, fostering a thriving business ecosystem," he said.

The Minister pointed out that leading global IT companies like Google and Microsoft have established significant operations in Hyderabad. To bridge the gap between industry and academia, the Telangana government has launched the Young India Skills University, offering industry-aligned courses in collaboration with experts and business leaders. Apart from IT, Telangana has established itself as a key player in biotechnology, pharmaceuticals, and the life sciences sector, he said.

Sridhar Babu mentioned that Eli Lilly has set up a Global Capability Centre in Hyderabad. The State government is also ready to collaborate with Indiana in sectors such as medical devices, pharmaceuticals, life sciences, agriculture and manufacturing. Indiana Secretary of State Diego Morales extended an invitation to Minister Sridhar Babu to visit Indiana to further strengthen bilateral relations.

The meeting was attended by Sidonia Nicole (wife of Diego Morales), Sojos Capital CEO Fabio Perez Pereira, Indiana-India Business Council President Raju Chintala, TGIIC MD Vishnu Vardhan Reddy, and TGIIC CEO Madhusudan, among others.