Transforming Telangana: CM A. Revanth Reddy Inaugurates Cognizant Campus and Outlines Vision for Future Development

Investments Foreign Trips

Posted by pallavi on 2024-10-01 06:29:12 |

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Chief Minister Sri A. Revanth Reddy inaugurated the new Cognizant campus at Kokapet in Hyderabad 

- An official state delegation, led by me, has just returned from a tour of the USA and South Korea, where we met with global business leaders and corporate executives. There is a strong interest in investing in Telangana, particularly in Hyderabad.

- During our visit to the USA and South Korea, the state successfully attracted record investments totaling ₹31,500 crore, which will create over 30,750 jobs. We expect to finalize additional agreements soon, and an investor task force will be established to facilitate regular investment meetings.

- The vision for the 'Future State' of Telangana encompasses three rings: the first ring is the core urban area of Hyderabad, the second is a semi-urban region designated for manufacturing facilities, and the third encompasses rural Telangana beyond the regional ring road, which will be developed into exemplary villages with modern amenities.

- Our goal is to transform Telangana into a trillion-dollar economy within the next decade.

- The government is committed to fully supporting Cognizant's expansion plans in Hyderabad, where the company enjoys a strong reputation.

- Hyderabad boasts a rich history of over 400 years. The foundation for the IT sector in Hyderabad was established by former Prime Minister Rajiv Gandhi, and the industry has continued to thrive under the leadership of Chandrababu Naidu and Y.S. Rajasekhar Reddy, leading to the development of Cyberabad City.

- Cognizant has also experienced rapid growth, making it the second-largest employer in the state.

- Regardless of political differences, the development of Hyderabad remains a top priority. Similar to Hyderabad and Cyberabad, the government is planning to develop a fourth city—referred to as the "Future City"—to demonstrate its commitment to growth.

- My government is not competing with Andhra Pradesh, Karnataka, or any other states; our focus is solely on global standards. Hyderabad stands unparalleled among neighboring states.

- Hyderabad is the premier destination for investments, providing a conducive environment for industrialists. We invite all to invest in Telangana, and the government is ready to offer all necessary support.

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