Tata Group promises new investments in Telangana
Tata Group Chairman Chandrasekaran discusses group’s expansion in TS with Revanth
Telangana Chief Minister Anumula Revanth Reddy felicitating Tata Group Chairman N Chandrasekaran at World Economic Forum (WEF), Davos. Telangana IT and Industries Minister D Sridhar Babu is also seen
Telangana is a strategically important location for the Tata group. As a group, we intend to expand in Telangana as much as possible and we look forward to working cooperatively with the new government - Natarajan Chandrasekaran, Chairman, Tata Sons
Hyderabad: Diversified conglomerate Tata Group on Thursday promised to make major new investments in Telangana besides expanding the existing operations.
According to an official release by the Telangana government, Chief Minister Anumula Revanth Reddy and Natarajan Chandrasekaran, Chairman of Tata Sons, met during the World Economic Forum Annual Meeting 2024 in Davos, Switzerland and discussed Tata Group’s ongoing and future business plans for Telangana.
As a part of the group’s plans, Tata Technologies Limited (TTL) is partnering with the State government to upgrade and transform government ITIs as Advanced Technology Centres to impart long term and short term courses in industry 4.0 trades and bridge the skill gap.
TTL will be investing around Rs 1,500 crore to set up advanced skilling centres in 50 Govt ITIs and also deploy master trainers for handholding the new courses. Tata group is expanding its Air India fleet and has plans to increase both domestic and international connections from Hyderabad and make Hyderabad an important transit hub, the statement said.
Speaking on the occasion, Revanth Reddy said: “Tata group is a vital partner and key contributor to State’s economic growth. Our government is committed to facilitate Tata groups investments in different sectors. We are happy to partner with TTL to establish advanced tech centres in Govt ITIs and welcome TTL to join the initiative to set up dedicated skill universities in Telangana”.
Natarajan Chandrasekaran said: “Telangana is a strategically important location for the Tata group. As a group, we intend to expand in Telangana as much as possible and we look forward to working cooperatively with the new government.” Minister for Industries and ITE&C D Sridhar Babu, Principal Secretary for ITE&C Jayesh Ranjan, and Special Secretary for Investment Promotion Vishnu Vardhan Reddy were present during the meeting.
Meanwhile, o9 Solutions will launch a specialised supply chain skills academy while Qcentrio, a prominent IT development and services provider, has announced that it will create 1000 jobs in Telangana by expanding its operations.
