Global Tech Giants Set Foot in Telangana

Investments Why Invest in Telengana

Posted by pallavi on 2024-10-03 12:06:59 |

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In 2024, Telangana has continued to solidify its position as a leading destination for global technology firms. Several notable companies have announced significant investments in the state, reflecting their confidence in Telangana's robust business ecosystem.

Among the latest entrants is TechX Innovations, a Silicon Valley-based AI startup, which has committed to investing ₹200 crores in setting up its research and development center in Hyderabad. The facility is expected to create over 1,000 jobs in the next three years, focusing on AI-driven solutions for various industries, including healthcare, finance, and logistics. TechX Innovations' decision to establish a base in Telangana is a testament to the state’s favorable policies, infrastructure, and skilled workforce.

Additionally, DataSecure Corp, a cybersecurity firm, has announced an investment of ₹150 crores to enhance its operations in Telangana. The company aims to leverage the region's burgeoning IT landscape to expand its service offerings and increase its client base. This move is expected to create around 500 new jobs, further contributing to the state’s employment growth.

With the support of the Telangana government and initiatives like the Single Window Clearance System, the state continues to attract foreign investments, positioning itself as a hub for technology and innovation in India. As the demand for tech solutions grows, Telangana’s proactive approach to fostering an enabling environment ensures that new companies can thrive and contribute to the state's economic growth.

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