The Govt of Telangana has entered into MoU with Kings College London in the presence of Minister KTR in London. The MoU sets out a joint intention between Kings College London & Govt of Telangana to explore development of higher educational provision within the Hyderabad Pharma City.
With a commercial space of six lakh square feet, the IT park could house 10,000 employees
In a bid to decongest the IT hub area of Gachibowli-Madhapur, the Telangana government has decided to develop another IT Park — ‘Gateway IT Park’ at Kandlakoya in Medchal district.
Telangana IT and Industries Minister K T Rama Rao has laid the foundation stone for the IT park as part of the Growth In Dispersion (GRID) policy.
- With a commercial space of six lakh square feet, the IT park could house 10,000 employees.
- Addressing a gathering later, he said that the GRID policy was introduced to facilitate the development of the IT industry across the city.
- He said that the new facility was well connected as it was in the vicinity of the Outer Ring Road (ORR), which could take people to the airport and the IT hub in just one hour.
- About 90 plus companies applied for office space at the IT Park and the acceptance letters were handed over to them.
Drillmec SpA, Global oil-drilling rig manufacturing giant has decided to setup its manufacturing plant in Telangana, Formal MoU to be signed today.
Will be investing $200 MN (₹1,500) & providing employment to 2500 people.
The Govt. of Telangana and Drillmec SpA entered into an MoU for the establishment of Drillmec International Hub for manufacturing oil rigs and ancillary equipment in Telangana. The MoU was signed in the presence of Hon’ble Minister Shri KTR today.
Drillmec SpA will be investing $200 Million (₹1,500 Crore) for setting up of their manufacturing plant which will create employment opportunities for about 2500 people in Telangana.
Drillmec SpA CEO Mr. Simone Trevisani and Principal Secretary Shri Jayesh Ranjan signed the MoU respectively. Telangana Industrial Infrastructure Corporation Ltd & MD Shri E V Narsimha Reddy was also present.
Drillmec SpA is a global leader in design, manufacturing and supply of drilling and workover rigs for onshore and offshore applications as well as a wide range of spare parts for drilling equipment.
The first investment of the year 2022 in Telangana has been Launched by Principal Secretary ITE&C, I&C Shri Jayesh Ranjan, IAS. One-Moto, the British brand for premium EVs in India, has announced an MoU with Telangana Government for setting up its India manufacturing unit. The new facility will be slated at the outskirts of Hyderabad as it seems to be the key market for EVs, with the state government accelerating the EV revolution with supporting policies for EV production, and strong infrastructure too. The brand plans to invest up to ₹250 crores to establish the manufacturing unit.
One-Moto aims to produce 40,000 units annually in the first phase, and create 500 direct and 2,000 indirect jobs in the region.
Ministers Shri KT Rama Rao, Shri Jagadish Reddy & Shri Vemula Prashanth Reddy laid the foundation stone for the construction of the IT Hub in Nalgonda. MP Badugula Lingaiah Yadav, MLAs Kancharla Bhupal Reddy, Nallamothu Bhaskar Rao, Saidi Reddy Shanampudi, Mallaiah Yadav Bollam, Nomula Bagath Kumar, IT Dept Prl. Secy Shri Jayesh Ranjan, IAS and others participated.
RACEnergy inaugurates its first battery swap station in Hyderabad i partnership with Hindustan Petroleum Corporation (HPCL).
Source: AUTOCAR Proffesional
Commerce and Industry Sector Ranking
The GGI framework assigns differential weightages for Indicators. The outcome / output-based indicators are assigned higher weightage whereas input/process-based indicators are assigned relatively lower weightage and attempts have been made to arrive at a consensus on assigned weightages during consultative meetings. It should be noted that with the inclusion of new indicators and omission of obsolete indicators, weightage is reassigned to even retained indicators of GGI 2019 in GGI 2020-21. The assigned weightages for present scoring and ranking are given in Annexure 1.
The States and UTs are scored and ranked based on the published data collated from various sources as mentioned in the preceding chapters. GGI takes into consideration only data which is available with the Central Ministries / Departments which has a time series measurement. The identified secondary sources were cross-checked with Central Ministries/Departments once again for any other updated secondary sources. Data-point-wise sources are provided as Annexure 2.