Telangana Aims to Become Global Investment Hub

The Telangana government aims to transform the state into a global destination for investments and a preferred hub for leading industrial and technology companies, IT and Industries Minister D. Sridhar Babu said. He was speaking at the inauguration of the headquarters of PICO Technology India Private Limited in Hyderabad's Financial District on Friday. The facility was inaugurated by Sridhar Babu along with Roads and Buildings, Cinematography Minister Komatireddy Venkat Reddy, PICO founder and CEO Jarod Yester, and AICO's G. Sitaram. Sridhar Babu said the government's key priority was to attract major investments while creating employment opportunities for local youth based on their skills. He added that the state was strengthening its industrial ecosystem by providing investors with essential infrastructure and government support.

The minister said Telangana had introduced a Global Summit policy for the first time since the state's formation to showcase its investment potential internationally. The Invest Telangana Global Summit is scheduled to be held in Hyderabad on December 7, 8 and 9, bringing together global investors and industry leaders to explore opportunities in the state. Meanwhile, Komatireddy Venkat Reddy said the government was committed to developing Telangana into a centre for investments, innovation, research and advanced technology under Chief Minister A. Revanth Reddy's leadership and the guidance of Sridhar Babu. He welcomed PICO Technology India's decision to establish its headquarters in Hyderabad, saying such investments would strengthen the state's global reputation and create new opportunities in the technology sector. He also announced that the Indian Road Congress meetings would be held in Hyderabad from the 19th to the 22nd of this month as a pre-summit event, with road-sector experts and engineers from across the country expected to participate.