iNDICA NEWS BUREAU-
A delegation of the Telangana government headed by Chief Minister A Revanth Reddy recently concluded a weeklong visit to the United States says has signed 19 Memoranda of Understanding (MoUs) that would bring 30,570 new jobs to the southern state of India.
The Telangana delegation held over 50 business meetings, 3 roundtables, and several field visits in New York, Washington DC, Dallas, and California where it received support for various major initiatives including the creation of a Future City, AI City, rejuvenation of Musi River, and the zealous pitch to shape ‘Telangana as the right fit for the quest of America, Inc. for a China plus one alternate.’ Reddy and his team also got encouraging responses on strengthening partnerships in various sectors – ITES, AI, Pharma and Lifesciences, Electric Vehicles, Data Centers, and Manufacturing.
The MoUs signed will attract investments and business commitments worth ₹31,500 crore[$36.92 billion] to the state from the US.
While the roundtable conferences were on business, AI, and semiconductors the delegation also met with CEOs, founders, business alliances, and groups, and invited them to invest in Hyderabad and Telangana.
“The trip opened many areas for accelerated partnerships, setting new horizons and showcasing our wealth of potential for newer opportunities. From our plans in AI to building the Future City, corporations, startups, business leaders, tech and business associations, and influencers have agreed to take our breathtaking vision to more people,” said Reddy.
The major announcements in the IT sector include the Charles Schwab GCC, one of America’s leading financial sector corporations. The Trinet deal opens major forays ahead in the HR solutions sector. The significant expansion announcements by global IT major Cognizant, and Arcesium, reinforced the edge of Hyderabad in the IT/GCC space, a statement from the Telangana Chief Minister’s Office said.
Officials said the pharma and life sciences sector also attracted fresh investments from nearly a dozen American companies. The MoU with Corning on skilling and flow chemistry reiterates the company’s commitment to grow in Telangana and also reinforces the city’s R&D capabilities.
The announcement by Amgen, a top biotech company, to set up a new R&D tech facility is a major breakthrough for Hyderabad. Significant expansions by HCA and Thermofisher are set to further boost Telangana’s life sciences ecosystem.
Another major takeaway from the visit was the decision by Amazon to make significant expansions in their data center presence in Hyderabad and use the city as a hub in a big way to drive their India presence. Other deals included Aurum Equity agreeing to set up an AI-powered green data center and Monarch Tractors entering high-end manufacturing.
The delegation also engaged with Apple, Google, and Stanford University. Telangana’s IT and Industries Minister Sridhar Babu said the delegation exceeded the set goals. The visit created excitement in the American business world, leading to a multi-fold impact on investments and new jobs, he said.
