KTR’s UK-US tour brings 42,000 Jobs to Telangana
Warner Bros Disney, Medtronic, State Street, Bain Capital-owned VXI Global Solutions and London Stock Exchange Group are some of the global companies that announced their investment and expansion plans
Telangana has received a big boost and several companies have come forward to invest in tier-II cities of the State following the meeting with the minister. KTR had a meeting with NRI CEOs of more than 30 companies and emphasized the growth of IT in Telangana’s tier-II cities
Hyderabad: Telangana IT and Industries Minister KT Rama Rao's highly productive tour to the UK and the US has come to an end. The two-week trip includes a series of accomplishments, including participating in 80+ business meetings, attending five sector-specific roundtable meetings, and speaking in two conferences. Significant investment announcements were made across various sectors, resulting in creation of around 42,000 jobs in Telangana.
During the trip, the minister attended meetings in London in the UK, New York, Washington DC, Houston, Henderson, and Boston in the US that attracted several big-ticket investments. These investments span across various sectors like BFSI (Banking, Financial Services and Insurance), emerging technologies, IT and ITES, media and entertainment, aerospace and defense, lifesciences, medical devices, digital solutions, innovation and data centre, automotive and EV.
The proposed investments and prospective collaborations will create around 42,000 direct jobs and each job has a potential to create 3 to 4 indirect jobs. The global companies which announced their investment and expansion plans include Warner Bros Disney, the global media power house; Medtronic, a global leader in healthcare technology; State Street, the world's largest asset management company; Bain Capital-owned VXI Global Solutions; and the London Stock Exchange Group.
Other big announcements for Telangana are from DAZN, a global leader in sports live streaming; Technip FMC, a French American Oil and Gas giant; AlliantGroup, a top global consulting and financial firm; StemCures, a specialist in stem cell therapy; Mondee, The world’s largest B2B2C travel marketplace and technology innovation company; and ZapCom Group, a product engineering and solutions company.
Apart from attending business meetings, KTR also participated in two major conferences. In London, the Minister attended the ‘Ideas for India’ conference on May 12, 2023 and spoke highlighting the triumph of Telangana Model to the global audience and stressed the need for India adopting the Telangana Model. The Minister delivered a keynote address at the World Environmental and Water Resources Congress held by the American Society of Civil Engineers in Henderson, Nevada on 22 May, 2023 and showcased the success stories of Telangana’s flagship water projects Kaleshwaram and Mission Bhagiratha at the conference. The Kaleshwaram Project received a global honour as the ‘Enduring Symbol of Engineering Progress and Partnership’ from the civil engineers body.
The minister took part in five round tables during his UK and US tour and spoke on a wide array of subjects. At the roundtable organised by the High Commissioner of India in London, KTR spoke on the remarkable progress of Telangana in the last nine years, the rapid growth of the state’s economy, Telangana government’s progressive industrial policies and the thriving innovation ecosystem in Hyderabad.
The highlight of the tour is that the Telangana government’s vision to spread IT across Telangana has received a big boost and several companies have come forward to invest in tier-II cities of the State following the meeting with the minister. KTR had a meeting with NRI CEOs of more than 30 companies and emphasized the growth of IT in Telangana’s tier-II cities and explained the measures taken by the state government and encouraged the IT companies to start their operations in tier-II cities.