Latest news with #RisingTelangana
Hans India
2 days ago
- Business
- Hans India
UAE cos to invest Rs 2,125 cr in TG
Hyderabad: In a significant boost to Telangana's investment landscape, UAE-based companies Shaiva Group and Taranis Capital on Tuesday inked agreements to invest Rs 2,125 crore in the state. IT and Industries Minister D Sridhar Babu announced that the two firms signed Memorandums of Understanding (MoUs) with five Telangana based companies. This partnership is set to generate employment opportunities for 5,020 youth in the state. The companies, which are into biotech space, will focus on initiatives such as reducing sugar content in consumables, anti-diabetic innovations and food management products. The two companies will invest Rs 1,360 crore in Revelations Biotech, Rs 340 crore in Manakin Bio, Rs 80 crore in Svobodha Infinity Investment Advisors, Rs 90 crore in Exigent Drilling Technology Pvt Ltd and Rs 55 crore in Yentra Tech Controls. Addressing the media later, the minister said the two prominent UAE based investors chose to become partners in Telangana's journey of inclusive growth and development. Over the next three years, the two firms expressed interest in investing an additional Rs 24,000 crore in key sectors such as biotech, AI, data centers, defense, energy, fintech, and public infrastructure, he added. The minister expressed his heartfelt gratitude to the investors for placing their trust in Telangana and aligning with the vision of 'Rising Telangana'. Highlighting the importance of skilling, Sridhar Babu noted, 'Our greatest asset is the talent of our youth. Yet, industry leaders often voice concerns that graduates lack job-ready skills. To bridge this gap, we have established the 'Young India Skills University' designed with international standards to prepare a ready-made, skilled workforce tailored to the industry needs.' Shaiva Group Chairman & CEO Amit Jagannath Varma, Taranis Capital CEO Nicholas S Bingham, Revelations Biotech MD Ravichandra Beeram and others were present.
The Hindu
3 days ago
- Politics
- The Hindu
Revanth meets Rahul Gandhi, portfolio reshuffle likely in the Cabinet
Chief Minister A. Revanth Reddy's extended two-day visit to New Delhi and his meetings with the Congress high command, including a crucial one-on-one with Rahul Gandhi for 75 minutes, triggered strong speculation about the reshuffle in Cabinet portfolios in Telangana. While the official reason for the trip was to finalise portfolio allocations for the newly inducted ministers — G. Vivek Venkatswamy, Vakiti Srihari, and Adluri Laxman — sources suggest that the discussions went far beyond routine issues. The summoning of senior Minister N. Uttam Kumar Reddy to National Capital suggest that the party high command is serious on the reshuffle of the portfolios. There were rumours of Deputy Chief Minister Bhatti Vikramarka also being called, but his office confirmed his presence in Hyderabad. The Congress high command appears keen on ensuring that the allocation of portfolios aligns not just with governance priorities but also with political aspects in the wake of Congress party's push for greater representation of downtrodden sections. A senior leader indicated that the portfolio distribution may undergo notable adjustments based on strategic considerations. Among the newly inducted ministers, G. Vivek Venkatswamy is said to be actively lobbying for a significant portfolio, leveraging his proximity to the Central leadership and his father late Venkataswamy's connections with those who matter. Beyond the Cabinet issues, Mr. Revanth Reddy used the Delhi visit to invite Mr. Rahul Gandhi for the public meetings proposed to be organised to celebrate the party's successful attempts on BC caste survey and SC categorisation. The broader governance narratives like distribution of fine rice to more than 3 crore people, ending segregation of BC, SC, ST and Minority residential schools and Rising Telangana were also explained. It is also said that Mr. Revanth Reddy clarified on his comments describing his political journey as 'coming from BJP school, TDP college, and now working for Rahul Gandhi' that created a storm among political circles here.
