Hyderabad: Hyderabad is steadily emerging as a global innovation hub supported by strong infrastructure and industry-friendly policies, IT and Industries Minister D. Sridhar Babu said on Friday.
The Minister made the remarks during a meeting with a visiting German delegation at the Telangana Secretariat. The delegation had travelled to India to study industrial development across BRICS countries, investment ecosystems and the role of advanced technologies.
According to Sridhar Babu, Hyderabad has developed into a major centre not only for information technology and electronics but also for pharmaceuticals, defence and aviation industries. Therefore, the city continues to attract international investors and technology companies.
Members of the delegation included representatives of Global Bridges, an international non-profit organisation. During the interaction, the Minister explained Telangana’s industrial opportunities and the incentives offered by the state government to global investors.
He emphasised that Telangana has introduced several innovative policies to address challenges arising from rapid global economic changes. As a result, the state has strengthened its position as a Hyderabad global innovation hub for technology-driven industries.
The Minister also highlighted that Telangana provides uninterrupted power supply and reliable water availability for industrial operations. Moreover, successive governments have continued progressive industrial policies to maintain investor confidence and stability.
According to him, Hyderabad’s central geographical location in India, its pleasant climate and its cosmopolitan culture make the city attractive to people from across the world.
Hyderabad global innovation hub driven by future projects
Sridhar Babu also outlined the state government’s ambitious Future City project planned in the southern part of Hyderabad. He said the initiative would play a crucial role in strengthening the Hyderabad global innovation hub vision.
The project includes major initiatives such as the AI City, Net Zero City and the Young India Skills University. According to the Minister, these projects will create a strong foundation for the state’s long-term technological and industrial growth.
He further noted that Telangana has a vast pool of skilled human resources. Because of this talent base, industries operating in the state rarely face shortages of trained professionals.
At the same time, the government has been implementing large-scale skilling and reskilling programmes. These initiatives aim to equip both working professionals and newly graduated engineers with advanced technological capabilities required for global industries.
The Minister also said the semiconductor sector has started gaining momentum in Telangana. Companies from Taiwan and Korea have already initiated activities related to chip design and manufacturing in the state.
In addition, several international firms are exploring plans to establish data centres in Telangana. Sridhar Babu noted that collaboration with Germany could further strengthen the state’s engineering and technology sectors.
He reiterated that the government remains committed to transforming Telangana into a $3 trillion economy by 2047, the year marking 100 years of India’s independence.
Members of the German delegation who attended the meeting included Dr. Stefan Traeger, Dr. Christian Altenhofen, Frank Bierhorst, Alexander von Kramm, Malte Hohlfeld, Philipp Meyerhofer and Max Millan von Leyer. Director of Industries Nikhil Chakravarthy also participated in the discussion.