HYDERABAD - In a significant boost to the Indian state of Telangana, several major corporations have announced plans to invest in the region's technology and defence industries following discussions at the World Economic Forum (WEF) in Davos. These commitments were secured by Telangana's Chief Minister A. Revanth Reddy, marking a promising development for the state's economic prospects.
Tata Technologies Limited is set to invest around ₹1,500 crore to transform Industrial Training Institutes (ITIs) into state-of-the-art advanced technology centres, enhancing the technical education infrastructure. Additionally, Tata Advanced Systems Limited will be expanding its defence sector operations within the state, although the specifics of the investment have not been disclosed.
The global ride-hailing giant Uber (NYSE:UBER) is also contributing to the state's growth by planning an expansion of its Hyderabad technology centre. The company intends to add 1,000 engineering jobs focused on artificial intelligence and machine learning. Uber will also roll out sustainable mobility solutions such as Uber Green, which offers rides in electric vehicles, and Uber Shuttle, a service aimed at easing daily commutes.
Qcentrio, a technology firm, has pledged to create approximately 1,000 jobs in Hyderabad's burgeoning IT sector, further solidifying the city's reputation as a hub for technology companies.
In addition, the Systra Group, a renowned international engineering firm, has committed to establishing the Systra Digital Centre in Telangana. This centre will focus on innovating digital tools for design and project management, contributing to the state's digital infrastructure and expertise.
o9 Solutions, a company specializing in supply chain management, is collaborating with the Telangana government to set up a supply chain skills academy. The academy aims to equip engineers with specialized skills, meeting the growing demand for expertise in this critical industry sector.
These investments are expected to create a substantial number of jobs and foster innovation in Telangana, positioning the state as a leading destination for technology and defence industries in India.
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