Delighted to announce that Triton EV – a leading US based Electric Vehicle company will be investing ₹ 2,100 Crores to establish an ultra-modern EV manufacturing unit at NIMZ, Zaheerabad in Sangareddy district
An MoU is signed between Triton EV & Govt of Telangana today
The Hon’ble Minister for IT, Industries and MA&UD Sri KT Rama Rao released IT,E&C and Industries & Commerce Departments’ Annual Reports 2020-21 at Dr. Marri Channa Reddy Human Resource Development Institute of Telangana in Hyderabad on 10th June, 2021.
This is the seventh consecutive year that Sri K. T. Rama Rao released the Departments’ performance report, its initiatives, and achievements since Telangana formation in 2014.
Click here for Telangana Industries Annual Report 20-21
Telangana IT Minister @KTRTRS has been awarded the Skoch “Best Performing IT Minister” Award for the year 2020.
Also, Telangana state has been awarded “e-Governance State of the Year” award by @skochgroup.
Hon’ble Minister I&C, IT E&C, MA & UD K T Rama Rao inaugurated a state of the art HMDA Truck Dock Logistics Park at Batasingaram.
The logistics park at Batasingaram is jointly developed by HMDA and Truck Dock Logistics in a PPP mode in about 40 acres and at a project cost of Rs.40 Crores.
The logistics park provides facilities such as warehouse (2 lakh sq ft), parking for 500 trucks, cold storage for 10,000 metric tonnes, dormitory for 200 persons, restaurants, office space, fuel stations, primary health centre, and automobile service centre.
Source: The News Minute
US-based ‘Fortune 500’ life insurer Massachusetts Mutual Life Insurance Company announces launch of its @massmutual Global Capability Center (GCC) in Hyderabad as it entered India.
Source: TelanganaToday
Excited to announce that another marquee company – world leader in Automobiles, Fiat Chrysler chose Hyderabad as its largest & only presence outside of its HQ in North America. Investment of ₹1100 Crores and 1,000 jobs in the first year.
Amazon Web Services (AWS), the secure cloud computing platform of American technology giant Amazon, will invest approximately Rs 20,761 crore (USD 2.77 billion) to set up multiple data centers across Hyderabad, Telangana Minister for IT and Industries KT Rama Rao announced on Friday.
Taking to Twitter, Rao said that the project will be “the largest Foreign Direct Investment in the history of Telangana.” “After a series of meetings, AWS has finalized investment of Rs 20,761 Cr ($ 2.77 Bn) to set up multiple data centers in Telangana. The @AWSCloud Hyd Region is expected to be launched by mid 2022,” he posted on the micro-blogging site.
The AWS will set up an AWS Asia Pacific (Hyderabad) Region with three Availability Zones (AZs) here, an official statement from the IT department said.
The press note added that the AZs will consist of multiple data centers in separate distinct locations within a single region that are engineered to be operationally independent of one another with independent power, cooling, physical security, and connections via a low-latency network.
Earlier this year during his Davos visit, the minister had met the top brass of AWS and had invited them for investment in the state. This investment will act as a strong anchor for attracting other technological investments, the minister said.
“AWS choosing Hyderabad as their preferred destination speaks volumes about the swiftness with which the government operates and also the transparency in the system. This investment further strengthens the existing relationship that Telangana enjoys with Amazon,” the minister said while stressing that Hyderabad is already home to the largest office campus of Amazon.
According to the IT department, it is the robust policy framework provided by the state, apart from the city meeting with the rigorous requirements for an AWS region, that attracted AWS in choosing Hyderabad.
The establishment of data centers like AWS is expected to support Telangana’s digital economy and the IT sector. The government is hopeful that the new AWS Asia Pacific (Hyderabad) region will enable more developers, startups, and enterprises, as well as, the government, education, and non-profit organizations to run their applications and serve end-users from data centers located in India.
Source : IndianExpress
IT and Industries Minister @KTRTRS unveiled the Knight Frank India’s latest flagship research report – WFH, #WorkfromHyderabad , which showcases the changing face of Hyderabad as a leading city in India, with an impeccable investment opportunity.
Hyderabad has been the frontrunner in life sciences sector attracting multi-national and large domestic companies across pharmaceuticals, biotechnology and clinical research areas. In line with the success it has seen in attracting investments, two pharma companies Granules India and Laurus Labs have committed a cumulative investment of Rs 700 crore in setting up new units in Genome Valley, Hyderabad.
Granules India is investing Rs 400 crore to set up a finished dosages unit while Laurus Labs is investing Rs 300 crore for a formulations manufacturing facility.
Granules India, a Hyderabad-based pharmaceutical company, will be making a major investment of Rs 400 crores to set up a manufacturing facility with a capacity to make 10 billion units of finished dosages. The proposed unit will generate employment to about 1,600 people.
Granules India already has manufacturing sites in eight locations and presence in 75 countries across the globe. The company already operates the world’s largest commercial Pharmaceutical Formulation Intermediates (PFI) Facility at Gagillapur near Hyderabad.
Krishna Prasad Chigurupati, CMD of Granules India met IT & Industries Minister KT Rama Rao at Pragathi Bhavan today to formally make this announcement.
Similarly, Laurus Labs, a research-driven pharmaceutical manufacturing company will be setting up a formulation facility with a capacity of 5 billion units. The company plans to invest Rs 300 crores in two phases of Rs 150 crores each. Phase 1 of the plant is expected to provide employment to about 150 People.
Satyanarayana Chava, CEO, Laurus Labs, met the Industries Minister along with his team before making this announcement. Industries Department principal secretary Jayesh Ranjan was also present in the meeting.
Laurus Labs has its R&D facility in IKP Knowledge Park, Hyderabad and also operates six manufacturing units in Visakhapatnam. All these facilities have been certified and approved by WHO, USFDA, NIP Hungary, and other renowned agencies. Laurus manufactures bulk drugs for anti-retroviral (ARV), oncology, cardio-vascular, anti-diabetics, anti-asthma and gastroenterology.
KTR thanked the leadership of both Granules India and Laurus Labs for choosing to invest in Telangana.
He stated that the Telangana government will provide all possible support to both these companies and the proactive policies of the State government, under the leadership of CM K Chandrashekar Rao are attracting global leaders in IT, Pharma, Textiles, Aerospace and Defence and other sectors to Hyderabad and other parts of Telangana.
The Minister expressed confidence that these investments into the manufacturing sector will provide the needed employment to local youth from Telangana.
IT and Industries Minister KTR along with Transport Minister Puvvada Ajay Kumar will launch the Electric Vehicle Policy at the Telangana EV Summit to be held on Friday, October 30th, 2020 at 10:30 AM at MCRHRD Institute, Hyderabad.
A line of prominent speakers will share their thoughts during the summit at a Virtual Session on ‘Scaling Indian EV Ecosystem through Partnerships and Collaboration’. The speakers include Jayesh Ranjan, IAS; Sri Amitabh Kant – CEO, NITI Aayog; Dr. Pawan Goenka – MD & CEO Mahindra & Mahindra; Sri EV Narasimha Reddy – VC & MD, TSIIC; Sri Sunil Mehta – Chairman, Yes Bank.
