Good days are here for realty!
(King Johnson Koyyada, 9030034591)
In Hyderabad, Chief Minister Revanth Reddy is working diligently to develop the city into one of the top cities in the world. His visit to the United States to attract investments to Telangana can be considered successful. During this visit, his team met with several global business leaders, discussing their participation in the world-class development programs proposed by his government.
After hearing the Chief Minister’s plans and seeing the assurances he provided, these global business leaders expressed their satisfaction. They showed interest in investing in Telangana. Overall, the public is pleased, noting that Chief Minister Revanth Reddy and his team, including Minister Sridhar Babu, have been successful in bringing investments to Telangana.
Several companies that have signed agreements with the government to establish a presence in Telangana will be setting up offices in Hyderabad. This will create new job opportunities for our people and boost the Telangana economy. Initially, there will be increased demand for rental houses and serviced apartments. The growth will also extend to restaurants, shopping malls, food courts, multiplexes, and cab services. Over time, some of these individuals may even purchase their own properties. Overall, due to the efforts of the Telangana Chief Minister, it can be said that good days are ahead for the real estate sector in Hyderabad. Now, which companies have agreed to come here?
The largest biotechnology company in the U.S., AMGEN, will expand its operations in Telangana. The company has announced plans to start a new research and development division in Hyderabad. This centre will be located in a six-story building in Hi-Tech City and is expected to create jobs for nearly 3,000 people. The company plans to begin its operations by the end of this year. It is a matter of pride that a globally renowned biotech firm has chosen Hyderabad as its development hub. This move will further solidify Hyderabad’s importance in the biotechnology sector. The company’s goal to serve patients with world-class technology is truly inspiring.
Chief Minister Revanth Reddy recently met with Shantanu Narayen, the CEO of the renowned Adobe Systems. During the meeting, Shantanu Narayen expressed interest in the Telangana government’s plans for the Hyderabad 4.0 Future City development, the Young India Skills University, and the establishment of an Artificial Intelligence City. He agreed to collaborate on the projects undertaken in the state.
The globally renowned financial services company Charles Schwab has announced plans to establish a Technology Development Centre in Hyderabad. This will be the company’s first centre in India. Chief Minister Revanth Reddy assured that the state government will provide the necessary support for setting up the centre in Hyderabad and will offer guidance to expedite the company’s operations. The company representatives expressed gratitude for the support announced by the state government for their expansion. Charles Schwab is currently awaiting final approvals for the Technology Centre and will soon send a team of representatives to Hyderabad.
The World Bank has expressed its readiness to collaborate on Telangana’s future development plans. Chief Minister Revanth Reddy had a special meeting with World Bank President Ajay Banga. During this meeting, they decided to jointly develop a road map for various projects in the state. Discussions were held on partnership opportunities in key areas including skill development, riverfront projects, net-zero city initiatives, healthcare, diagnostics, and health profiling. The meeting involved nearly an hour of discussions on these topics.
The globally renowned Vivint Pharma has announced plans to establish a state-of-the-art injectable manufacturing facility in Genome Valley, Hyderabad. The company is set to invest Rs 400 crore in this venture, which will create jobs for approximately 1,000 people. The fact that this company is preparing to invest in Telangana, which is already emerging as a global hub for life sciences, is attracting considerable attention.
The globally renowned Corning Inc. has committed to advancing new innovations in Telangana. The company has signed a memorandum of understanding with the state government to develop technological innovations in industries alongside skill development. According to this agreement, Corning will provide mutual support to the Telangana government in the fields of advanced manufacturing and chemical engineering. The company will also partner in transforming Telangana into a leading centre for cutting-edge research and development in the pharmaceutical and chemical sectors.
The renowned technology and service solutions company, Arcesium, will expand its operations in Telangana. As part of this, Arcesium has signed an agreement with the Telangana government. This will mark the first time the company is expanding its office in Hyderabad, making it their first international expansion outside of the United States. Company representatives stated that the Hyderabad centre will be crucial for their global service expansion. Over the next two years, Arcesium plans to hire 500 advanced technology specialists in Hyderabad. Founded as an independent entity with support from the DE Shaw Group and Blackstone Alternative Asset Management, Arcesium provides analytics on data and operations related to banks, hedge funds, institutional asset managers, and private equity firms.
Trizent Technologies will establish its Artificial Intelligence Centre in Hyderabad. The company provides intelligence solutions for data analytics and artificial intelligence startups. Over the next three years, it plans to hire and train more than 1,000 employees. The company’s total revenue exceeds $160 million. Of the 2,500 employees worldwide, 1,000 are in India, with 100 currently in Hyderabad. The company has announced that it will commence its operations within the next six months.
Walsh Kera Holdings from the United States is preparing to invest in Telangana. The company has signed an agreement to invest Rs 42 crore ($5 million) in V-Hub. Over the next five years, Walsh Kera plans to invest approximately Rs 839 crore ($100 million) in startups being established in Telangana, including those at We-Hub. Fani Kera and Greg Walsh from Walsh Kera, along with We-Hub CEO Sita Pallacholla, have signed the agreement. The Telangana government established We-Hub as a unique initiative in the country to encourage women entrepreneurs.
The globally renowned IT company Cognizant has announced a major expansion plan in Telangana. The company plans to establish a new centre in Hyderabad that will create jobs for nearly 15,000 people. This centre will be set up on a 1 million square foot site, with a capacity to accommodate up to 20,000 employees.
This website uses cookies.