Sridhar Babu pitches Telangana as premier destination for global investments

LatestPoliticsTelangana
By HNH Web Desk
Telangana global investments

Hyderabad: Telangana is fast becoming a top destination for global investors, said IT and Industries Minister D. Sridhar Babu, highlighting the State’s strong ecosystem across sectors like IT, aerospace, manufacturing, and pharmaceuticals.

Telangana–Germany industrial ties in focus

The Minister held discussions with representatives from Germany’s Friedrich-Ebert-Stiftung (FES) Foundation at the Secretariat on Thursday. Delegates included Dr. Sabine Fandrych, Mirco Gunther, and Christoph Mohr. During the meeting, Sridhar Babu showcased Telangana’s industry-friendly policies, streamlined business procedures, and ongoing welfare initiatives.

He stressed Telangana’s advantage in having a young, skilled workforce. “We are fully committed to building stronger trade and industrial ties with Germany,” he said.

Skills and innovation centres to boost industry

Sridhar Babu cited the launch of Young India Skills University (YISU), which partners directly with industries for training and recruitment. Industrialist Anand Mahindra serves as its chairman. He also announced an upcoming AI Innovation Centre aimed at research and advancement in artificial intelligence.

The State is modernising all Industrial Training Institutes (ITIs) into Advanced Training Centres (ATCs) to address industry-specific manpower needs. Telangana is also offering reskilling and upskilling programmes for tech professionals.

Telangana advances in life sciences and exports

To promote innovation in the life sciences sector, the State recently unveiled OneBio in Genome Valley. This facility supports medical research and vaccine development. Sridhar Babu said Telangana already leads India in pharmaceutical manufacturing, and its aerospace and defense exports have now exceeded pharma exports.

He further noted that Telangana’s industrial growth is aligned with the United Nations Sustainable Development Goals (UNSDG). Government IT Advisor Saikrishna and other officials also attended the meeting.

 

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