Hyderabad is favourite destination for global firms: KTR

Hyderabad(Hyd), September 4 : Telangana (TL)’s Minister for Sector & Info Technology K. T. Rama Rao on Fri. stated the state govt’s policies transformed Hyderabad(Hyd) into an innovation hub & the favorite destination for global businesses.

He stated Hyderabad(Hyd) has said its rightful place on the global innovation map & has nabbed the imagination of global command.

He also said that multiple policies & initiatives of the Telangana (TL) govt are a character model to becomes self-reliant in different areas.

He said this throughout a discussion with Google India(In) Nation Head Sanjay Gupta in the US-India(In) Strategic Partnership Forum’s third Annual Command (virtual) Summit ‘US-India(In) week 2024: Navigating New Problems’.

KTR, as the minister is widely well-known, said that the COVID crises has opened up numerous business opportunities & India(In) has a nice chance to entice global investors to the nation.

Mentioning regarding TS-iPASS, he said that Telangana (TL) is the only state today that allows for a self-certification-based system for permissions & clearances.

He referred to the setting up of T-Hub after formation of Telangana (TL) State & the innovation policy that defined a holistic reach to bridge the gaps between start-ups & govt & to build the start-up ecosystem.

“Today, the innovation ecosystem model that consists of organisations like T-Hub, TSIC, We-Hub, T Works, & RICH who work (5) proactively with academia, sector, & govt branches to spur innovation is discussed as one such finest models within the nation,” he stated.

KTR said that the govt has formulated actionable strategies for developing robust regional ecosystem for Artificial Intelligence (AI), Blockchain, drones, IoT, & Cyber Security. Telangana (TL) is also the 1st state to have policy/strategy documents for AI, Blockchain, & drones. “We’re recognized as undisputed imagined chiefs in these regions amongst Indian state govts,” he added further.

He stated Telangana (TL) clearly defined its vision to be a global leader in rising technologies involving AI & has made quick strides towards achieving the vision. The state govt announced 2024 as the Yr. of AI to accelerate AI readiness & grow a conducive AI innovation ecosystem within the state, opening new avenues of Artificial Intelligence commanded innovation for social effect – specially within the people industry, he added further.