Despite very busy political schedules, it’s business as usual for Industries and IT Minister K T Rama Rao when it comes to attracting investments.
High octane political activity filled with public meetings, addressing political rallies, election campaign, resolving intra-party issues and addressing the challenges in individual constituencies and discussions with senior leaders form part of a typical day’s itinerary of the KTR.
However, this doesn’t deter KTR from focusing on his core job as the Minister in charge of multiple portfolios and he discharges his duties with diligence. He continues to pursue investment inflow into Telangana.
The State got at least six major investments after the Assembly was dissolved in September 2018. Semiconductor and Telecom major Qualcomm will be investing Rs. 3,000 crore (USD 400 million) to set up its biggest campus outside its headquarters, San Diego, in Hyderabad. The first phase would have 17 million sq. ft with a headcount of 10,000. A deal was signed by Qualcomm with the Telangana Government on October 7, 2018.
Chinese mobile handset maker Oppo will be setting up its first R&D Centre in India in Hyderabad. This centre will mainly focus on the quality of the devices and also software localization for Indian customers. This centre will offer 500 jobs in the first phase.
Stent maker Shajanand Medical Technologies has come forth to establish an Rs. 250-cr unit in Medical Devices Park on the outskirts of Hyderabad. An American semiconductor and memory chip (storage solutions) maker Micron Technologies Inc will invest Rs. 300 crore to set up a 1.80 lakh sq ft facility providing an employment for 1,000 people in Madhapur area in Hyderabad. The $51-billion market cap company would also work with Telangana Academy for Skills and Knowledge (TASK), T-Hub and T-Works for its human resources.
Canadian generic drug manufacturer Jamp Pharma will be setting up its biggest R&D Centre in Genome Valley Hyderabad, providing 2,000 direct jobs in the next two years. The company proposes to invest Rs. 250 crore.
Minister KTR unveiled several projects worth Rs.800 crore in the Genome Valley on September 6.
Marquee technology giant Intel will be setting up a technology development centre in Hyderabad. A high-level delegation led by Nivruti Roy, country head of Intel, called on KTR and said that the company considered Hyderabad for the establishment of the Technology Development Centre as it found the Telangana Government’s industrial and IT policies and infrastructure in Hyderabad encouraging.
OnePlus handset maker too has come forth to set up its R&D Centre in Hyderabad.
The conducive and industry-friendly policies of the Government of Telangana are the principal reason for several global corporations to set up their units in Hyderabad. The city’s landscape is going to metamorphose hugely owing to these investments. Hyderabad emerged as a knowledge hub and technology hub in India.
KTR’s personal initiatives and unwavering attention on this front have made these things possible. At the same time, as an important leader, KTR is playing a key role in the highly politically-charged up situation.