Minister KT Rama Rao observed that Telangana made rapid strides in the IT sector during the past nine years. In 2022-23, nearly 44 per cent of tech jobs in the country are from Hyderabad and for every two technocrats, one belonged to Telangana state. He was addressing the gathering after inaugurating the Microchip technology development and research centre on Monday in Hyderabad.
Mr Rama Rao said there were 3,23,396 IT jobs in 2014. In 2023, there are 9,05,715 jobs in Hyderabad. The IT exports that were worth Rs. 57,258 crores rose to Rs. 2,41,275 crores. He said not just in the IT sector, Hyderabad city is known for life sciences, automobiles, medical devices and several other sectors. Telangana is now known as the capital of the life sciences of India.
Hyderabad city is producing 40 per cent of the pharmaceuticals in the country and it is producing a quarter of the total global vaccine requirement. From next year, the city will be producing the 50 per cent vaccine the world needs, which would be nearly 14 billion doses, Mr Rama Rao explained.
By Gollapudi Srinivasa Rao