Telangana is a centre for investments, innovation, research: Sridhar Babu

The government is committed to transforming the State into a global hub for investments, innovation and advanced technology, with the creation of employment opportunities for local youth being its foremost priority, IT and Industries Minister D. Sridhar Babu said.

Speaking after inaugurating the headquarters of Pico Technology India Private Limited at the Financial District on Friday, he said that the government was working towards creating an industry-friendly ecosystem to attract global companies and investors. Roads and Buildings Minister Komatireddy Venkat Reddy, Pico founder and CEO Jarrod Jester and AICO’s G. Seetharam were present.

Mr. Sridhar Babu said the government had introduced a Global Summit policy for the first time since the formation of Telangana to showcase the State’s investment potential at the international level with the Invest Telangana Global Summit on December 7, 8 and 9.

Mr. Komatireddy Venkat Reddy said the government was committed to developing Telangana into a centre for investments, innovation, research and advanced technology under the leadership of Chief Minister A. Revanth Reddy.

The establishment of the Pico Technology India headquarters in Hyderabad reflected the growing confidence of global companies in Telangana, he said, adding that the arrival of such companies would enhance the State’s international profile and open up new opportunities in the technology sector.

Mr. Komatireddy assured prospective investors of the government’s support and said priority was being given to developing infrastructure required for industrial growth. Increased investments would generate jobs and contribute to the State’s overall development.