TS Govt conducts Road Show in Bangalore

Hyderabad, Feb 25 (INN): The Government of Telangana conducted an Investment Promotion Road show in Bangalore on Wednesday.

“The focus of the Information and Networking session has been to interact with ICT and Electronics manufacturing companies based in Bangalore and invite them to setup their operations in Hyderabad.

This is in line with the Government of Telangana’s vision to make Telangana the most preferred Technology Investment destination in the country,” said IT Secretary Harpreet Singh.

Information Technology Minister K Tarakarama Rao addressed a large gathering of leaders from IT, ITES and Electronics Companies based in Bangalore and invited them to set up /expand their operations in Hyderabad. Also present at the event were Harpreet Singh, Neel Raheja, Chairman, K.Raheja Corp developers of Mindspace, Sandeep Patnaik, MD Jones Lang Lasallesle and Ram Chandani, CBRE.

KTR mentioned that the Government of Telangana aspires to reach a target of Rs 1 lakh crores of National Exports from the current level of Rs 60,000 Crores and create one million job opportunities in the ICT and Electronics Sector in the next three years. The ICT Exports from Hyderabad has exceeded Rs 60,000 Crores and the sector currently employees over 3.25 lakhs IT Professionals making Hyderabad the 2nd largest IT Exporter in India.

Hyderabad has one of the largest concentrations of IT, ITES & Electronics Companies. The Electronic sector has surpassed an eExports of US$ 1 billon. Hyderabad has one of the largest concentrations of IT, ITES & Electronics Companies in the country, he said.

Speaking at the press conference, KTR said, “Hyderabad hais rightly emerged as a contender to become the ICT capital of India. With the presence of a large pool of talented IT professionals and as the base for leading MNC’s, the city of Hyderabad has got the reputation of being the destination of choice for businesses across industries. We invite the ICT Industry to explore the possibilities of setting up their IT R&D Centers and Corporate headquarters in Hyderabad.”