Telangana has emerged as numero uno state in country: CM A Revanth Reddy
HYDERABAD: With over Rs 3 lakh crore investments in the bag since Dec 2023, including Rs 1 lakh crore investments this year alone, Telangana has emerged as the numero uno state in the country in international and domestic investments, chief minister
A Revanth Reddy
said on Monday.
"We are the number one state in India in investments, managing inflation, tax collection, creating jobs, in policy and law & order. We are doing India's largest entrepreneur funding and monitoring programme empowering 66 lakh women through self help groups," the CM said.
"During my trips to the World Economic Forum at Davos, and investor meets in the US, South Korea, Japan and Singapore we have convinced the world that Telangana means business," Reddy said while inaugurating
Sonata Software
's new facility spread over 2 lakh sq ft with a capacity to accommodate around 2,000 techies.
On critical infrastructure, he said Telangana is building a dry port and connecting it to seaports in Andhra Pradesh through a dedicated rail and road corridor. "We are building India's most planned city within Hyderabad called Future City. An
AI City
will be part of it. We are building the Young India Skills University and Young India Sports University," he said.
IT & industries minister D Sridhar Babu said with AI becoming a buzz word, Telangana govt is coming up with an AI City in which companies like Microsoft have already evinced interest in setting up facilities.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos
33 Bridges
Undo
H
e said by June-July this year, the Telangana govt is also coming up with an AI University aimed at skilling and reskilling talent as part of plans to make the state and Hyderabad a hub for global value centres and not just global capability centres as it is no longer about low labour cost arbitrage. "We have to create value here and try to sell our products abroad instead of just doing back end work for companies," he said.
Sami Dhir, managing director & CEO of Sonata Software, said the Bengaluru headquartered modernisation engineering company plans to ramp up its Hyderabad headcount to over 5,000 techies over the next three to five years.
He said the teams at the Hyderabad facility will focus on building capabilities around technologies such as AI, Data and Cloud.
Sonata Software, which has a global headcount of around 7,000, houses around 2,000 techies in Hyderabad and 3,500 techies in Bengaluru in addition to other centres like Chennai. "We have ramped up our presence in Hyderabad from around 700 to around 2,000 over the past few months and are open to acquiring more space to increase the numbers to 5,000 in three to five years," Dhir said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
43 minutes ago
- Time of India
Delhi Metro achieves tunnel breakthrough on Aerocity corridor
New Delhi: The underground tunnel between Maa Anandmayee Marg and Tughlaqabad railway colony station has been completed on the Tughlaqabad-Aerocity corridor of phase IV, also known as Golden Line. A tunnel boring machine (TBM) broke through on Saturday morning at Tughlaqabad railway colony station after boring a 0.79km-long tunnel. This tunnel breakthrough was achieved using a mammoth 96-metre-long TBM. Two parallel circular tunnels for up and down movement are being constructed on this stretch. The breakthrough on the other parallel tunnel is expected to be achieved in July 2025. The tunnel breakthrough occurred in the presence of transport minister Pankaj Kumar Singh and DMRC managing director Vikas Kumar. Singh said, "Going forward, we will further accelerate metro expansion and ensure that Delhi's citizens receive the quality infrastructure and services they truly deserve." This new tunnel was constructed at an average depth of around 18 metres. About 566 rings were installed in the tunnel, with an inner diameter of 5.8 metres. The tunnel was built using the proven technology of the earth pressure balancing method with a concrete lining made of precast tunnel rings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No dark spots, 10 years younger! Just take this from Guardian URUHIME MOMOKO Learn More Undo These tunnel rings were cast at a fully mechanised casting yard set up at Mundka. The concrete segments were cured with a steam curing system to achieve early strength. "All necessary safety precautions were taken during the construction of the tunnel below the existing built-up structures. Ground movements were monitored with highly sensitive instruments fixed on nearby structures, ensuring that there was no settlement anywhere," said Anuj Dayal, principal executive director of corporate communications at Delhi Metro Rail Corporation. As part of the phase-IV work approved so far, 40.11km underground lines are being constructed. The Aerocity-Tughlaqabad corridor has underground sections totalling 19.34km. A TBM is a machine used to excavate tunnels with a circular cross-section through various soil and rock strata. They can be designed to bore through anything from hard rock to sand. TBMs have revolutionised tunnelling work worldwide, enabling tunnels to be bored without disturbing buildings and other surface structures. TBMs are particularly useful for underground tunnelling work in congested urban areas. DMRC has been using TBMs for its tunnelling work since phase I. In phase III, when approximately 50km underground sections were built, about 30 TBMs were deployed in the national capital.
Time of India
an hour ago
- Time of India
Capricorn Daily Horoscope Today, June 08, 2025: Let Change Arrive Without Fear
This day brings the winds of change, but not in a way that should worry you. Change does not always mean something is ending—it can also mean something better is beginning. You may feel uncertain or slow to trust the new direction. But today's energy asks you to breathe deeply and allow change to feel safe. You don't need to control everything. What is shifting now is not against you—it is opening space for more peace, growth, and personal strength. Capricorn Love Horoscope Today In love, allow softness to enter. If you've been guarding your heart or holding back emotion, this is a good day to open up. Change in love can mean healing, not loss. If you're in a relationship, talk with patience and create space to reconnect. If single, let go of the idea that love must come in one fixed way. Someone may surprise you, but only if your heart is open to new forms of connection. Let love feel safe again. Capricorn Career Horoscope Today In career, changes may appear in the form of new tasks, shifting schedules, or different expectations. At first, it may feel like discomfort. But slowly, you'll realise this is the very movement you needed. Be open to adapting without resistance. You have the strength to adjust while staying rooted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A New Launch That Redefines Luxury – Signature Global SPR Signature Global Book Now Undo Show others that you can lead even in uncertain moments. What looks unclear now will become your advantage if you move with calm. A flexible attitude brings steady results. Capricorn Money Horoscope Today Financially, today is not the time for high-risk decisions. Instead, focus on where small changes can create long-term balance. A shift in budget, a new saving method, or letting go of a costly habit can make a big difference. You may feel fear while letting go of old money patterns, but this is where change begins. Do not resist financial learning. Even one wise decision today can bring comfort tomorrow. Allow money to flow with purpose and peace. Capricorn Health Horoscope Today Your health asks you to release tension in the body that is connected to control. Tight shoulders, stiff joints, or slow digestion may reflect your inner resistance to change. Gentle movement, stretching, and quiet moments of reflection will help ease these symptoms. Drink warm fluids and take a slow walk to settle the nervous system. Avoid too much sugar or cold food. Trust that your body can adapt, just like your mind. Healing flows when you stop fearing the shift. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
an hour ago
- Time of India
Repo rate cut fuels hope for homebuyers
1 2 3 Bhubaneswar: The announcement by Reserve Bank of India (RBI) on Friday to cut the repo rate by 50 basis points to 5.5% is likely to have far-reaching implications, particularly in tier-II cities like Bhubaneswar, where middle-income homebuyers stand to benefit from more accessible home loans, experts said. Amit Mamgain, director of a real estate firm, said that home loans with interest rates below 7.75% will make housing more affordable, especially in the mid-income and affordable housing segments. Industry experts are optimistic about the impact of the rate cut on the real estate sector. "The reduction could trigger increased demand in both residential and commercial sectors," Mamgain said. The move is particularly significant for prospective homebuyers who were waiting for the right opportunity. Priya Sharma, a resident of Niladri Vihar, expressed relief at the announcement, hoping to finally have a house of her dreams. "In a city like Bhubaneswar, where luxury apartments start at Rs 1.5 crore, the rate cut brings us closer to our dream of home ownership. With our life savings and financial assistance from the banks, we can now hope to have a house of our own," she said. Industry analyst Shrinivas Rao believes the rate cut comes at an opportune time amid a global growth slowdown. "Major commercial banks are expected to transfer the benefit to homebuyers and developers, which should stimulate real estate demand and investments," Rao said. Experts said the policy change means reduced EMIs on current loans, while new buyers will have access to more financial options. Developers are also likely to benefit from increased liquidity and renewed buyer confidence, which could boost sales. The real estate industry sees it as a positive step toward economic revival, with the potential to ease credit conditions and accelerate investment cycles. They said the move is particularly timely for first-time buyers and could inject fresh liquidity into project development. Stakeholders are optimistic that the rate cut will help sustain the current upward trend in consumer sentiment and contribute to the overall growth of the real estate sector.
