California, August 12 :
According to a statement from the chief minister's office, Telangana Chief Minister Revanth Reddy had a successful US tour, clinching investment plans of over Rs 31,500 crore. The investment is expected to create more than 30,750 new employment, according to the statement. The delegation met with CEOs, founders, and representatives from business alliances and groups around the country, invited them to visit Hyderabad, and encouraged them to include Telangana in their future plans, according to the statement. The conferences included topics such as business, artificial intelligence, and semiconductors.
The delegation showcased Hyderabad and Telangana to business leaders and investors from various sectors, including information technology, healthcare, pharmaceuticals, data centers, artificial intelligence, green energy, electric vehicles and batteries, fast moving consumer goods, and manufacturing, according to the statement. They also closed new and expansion deals in these areas. According to the release, Charles Schwab GCC, a prominent American financial sector business, is among the major announcements in the IT sector.
Significant future ventures into the HR solutions market are made possible by the Trinet transaction. The announcement went on to say that Hyderabad's position as an IT/GCC powerhouse was further solidified by the substantial growth plans unveiled by global IT giant Cognizant and Arcesium. According to the announcement, around a dozen American companies recently invested in the pharmaceutical and life sciences industry.
According to the release, the companies' commitment to growth in Telangana is reaffirmed by the MoU with Corning on skilling and flow chemistry. The agreement also strengthens the city's R&D capabilities.
A huge victory for Hyderabad has been the announcement by the leading biotech firm Amgen to establish a new research and development technology facility. The announcement stated that the life sciences ecosystem of Telangana is about to receive a further boost from industry leaders Zoetis Inc. (animal health sector leader) and HCA (health care provider) and Thermofisher (thermofisher). A significant decision by Amazon to significantly expand their data center footprint in Hyderabad and use the city as a hub to grow their business in India was another major takeaway from the visit, according to the statement.
With the addition of an AI-powered green data center, Aurum Equity also made a major announcement, the release said. According to the statement, Monarch Tractors is a significant boost to Telangana's goal of expanding its high-end manufacturing sector.
Apple, Google, and Stanford University were also involved with the delegation headed by CM Revanth Reddy. The journey unveiled a plethora of possibilities for expedited collaborations, expanding our horizons and highlighting our abundant potential for even more promising prospects. Before jetting off to South Korea, Revanth Reddy announced, "Corporations, startups, business leaders, tech and business associations and influencers have agreed to bring our breathtaking vision to more people." This includes plans for artificial intelligence and the construction of the Future City.
"We have exceeded our goals, which were audacious to begin with," stated Sridhar Babu, Minister of Information Technology and Industries. It makes me happy to know that we were able to pique the interest of American businesspeople, which will have a multiplicative effect on investment and the creation of new jobs. What lies ahead is an intriguing pipeline. In the next months, we will follow up diligently to guarantee many more closures.
