Telangana Attracts New Investments

Investments Why Invest in Telengana

Posted by pallavi on 2024-10-03 12:10:52 |

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Telangana is experiencing a wave of new investments in 2024, as numerous companies recognize the state as an ideal destination for business operations. The conducive environment fostered by the state government has led to significant inflow of capital, particularly in the IT and manufacturing sectors.

GreenTech Energy, a renewable energy startup, has announced an investment of ₹100 crores to establish a solar panel manufacturing unit in the outskirts of Hyderabad. The project aims to create sustainable energy solutions while generating 600 jobs for local residents. GreenTech's initiative aligns with the government's vision of promoting sustainable development and clean energy solutions, further enhancing Telangana’s reputation as a progressive state.

Furthermore, HealthTech Innovations, a healthcare technology company, has secured ₹80 crores to expand its operations in Telangana. The company plans to develop advanced telemedicine solutions and health management systems aimed at improving access to healthcare services in rural areas. This initiative is expected to create around 350 new jobs, contributing to both healthcare advancements and local employment.

With the Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) in place, the state continues to attract investments from a diverse range of sectors. As more companies choose to set up their operations in Telangana, the state's business landscape is set to flourish, paving the way for sustained economic growth and job creation.

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