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New Indian Express
04-05-2025
- Business
- New Indian Express
Telangana to set up ‘E-City' under Future City project
HYDERABAD: IT Minister D Sridhar Babu on Saturday announced that the state government is set to establish a state-of-the-art 'Electronic City (E-City)', as a core component of the ambitious 'Future City' project. In a meeting held on Saturday at the Secretariat, the minister engaged with representatives of Sera Networks (Taiwan) and LCGC Resolute Group (Telangana), who have jointly committed to invest Rs 300 crore in the E-City project. Sridhar Babu briefed the representatives on the various initiatives the state is undertaking to promote electronic manufacturing and assured the creation of a dedicated task force to streamline the industrial setup process and eliminate bureaucratic hurdles. He emphasised that entrepreneurs willing to establish industries in Tier-2 and Tier-3 cities will be offered special incentives. The government also pledged to provide necessary infrastructure tailored to the specific needs of each company. 'The planned facility, to be built on approximately 10 acres, is expected to generate employment for around 2,500 young professionals. It will focus on manufacturing telecom products like 5G networks, multi-layer networking solutions and servers,' Sridhar Babu said. He also expressed confidence that this investment will further strengthen Indo-Taiwan bilateral ties. The meeting was also attended by TGIIC CEO Madhusudan, T-Fiber MD Venu Prasad, representatives from Sera Networks — Chuan, Joy Bhattacharya, Douglas — and Ranvinder Singh and Geetanjali Sabharwal from LCGC Resolute Group.
Hans India
04-05-2025
- Business
- Hans India
TG govt plans E-City in Future City
Hyderabad: In a big move to promote the emerging electronic industry and invite global investments, the State Government has announced establishment of a state-of-the-art Electronic City (E-City) as a core component of the ambitious Future City project. The E- City will be developed as an electronic manufacturing hub soon. State IT and Industry Minister D Sridhar Babu made this announcement on the sidelines of a meeting held with representatives of Sera Networks (Taiwan) and LCGC Resolute Group (Telangana) here on Saturday. The two companies came forward to invest Rs 300 crore in the project. The Minister briefed the two companies about the various initiatives undertaken by the government to promote electronic manufacturing and assured the creation of a dedicated task force to streamline the industrial setup process and eliminate bureaucratic hurdles. Sridhar Babu emphasised that entrepreneurs looking to establish industries in Tier-2 and Tier-3 cities will be offered special incentives. He assured that the government will provide infrastructure tailored to the specific needs of each company. The planned facility by the two companies, which is to be built over approximately 1000 acres, is expected to generate employment for around 2,500 professionals. It will focus on manufacturing telecom products like 5G networks, multi-layer networking solutions, and servers. TGIIC CEO Madhusudan, T-Fiber MD Venu Prasad, and representatives from Sera Networks - Chuan, Joy Bhattacharya, Douglas - as well as Ranvinder Singh and Geetanjali Sabharwal from LCGC Resolute Group were present on the occasion.
Time of India
03-05-2025
- Business
- Time of India
Telangana govt to set up 1,000-acre Electronic-City as part of Future City
1 2 3 Hyderabad: The Telangana govt plans to develop an 'Electronic City (E-City)' spanning 1,000 acres as part of the proposed 'Future City' project, IT and Industries minister Duddilla Sridhar Babu said here on Saturday. He revealed this during a meeting with representatives of Taiwan's Sera Networks and Hyderabad-based LCGC Resolute Group, who have joined hands to invest Rs 300 crore in an electronics manufacturing project. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad The proposed joint venture facility, spread over 10 acres, will manufacture telecommunications equipment, including 5G networks, multi-layer networking solutions, and servers. It is slated to create jobs for around 2,500 skilled professionals. Interacting with representatives of both the companies at the secretariat, Sridhar Babu said the collaboration will boost the relationship between India and Taiwan. Elaborating on the initiatives being taken up by the state govt to promote electronics manufacturing, he said the govt plans to create a dedicated task force to streamline the process of industries setting up their units and eliminate bureaucratic hurdles. He also said entrepreneurs who set up industries in tier-2 and -3 cities would be offered special incentives. Sridhar Babu said the govt was committed to providing industries infrastructure that is customised to cater to the specific requirements of each company.
