Telangana government said on Tuesday that it has secured a substantial investment of Rs 2,150 crores in the biotech, technology, and fintech sectors, underscoring the state’s increasing attractiveness to entrepreneurs and venture investors.
According to them, the investment is anticipated to foster innovation and expansion, solidifying Telangana’s standing as a worldwide center for developing sectors.
The signing of an MOU with Shaiva Group and Taranis Capital would greatly accelerate Telangana’s biotech, artificial intelligence, and innovation growth, Telangana Industries and IT Minister D Sridhar Babu told the media.
“Senior industry colleagues have committed to investing Rs2,150 crores in Telangana, focusing on various sectors such as Biotech, Technology and Fintech. As venture capitalists, they aim to promote these industries and help them become global leaders. This investment reflects trust in the state government, talent, and entrepreneurs’ hard work,” he said.
He further added, “The government invites investors to explore opportunities in tier 2 and tier 3 cities across Telangana, fostering regional innovation and growth.”
The Telangana Minister reaffirmed the state’s dedication to attracting investors and fostering an innovative atmosphere, particularly in smaller cities, with the ultimate objective of establishing Telangana as a worldwide center for innovation.
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