The Hyderabad city, capital of Telangana has been attracting investments in a wide range of sectors.
It is not just the IT field, it has become a sought after place for pharma, life science, defense equipment, he pointed out.
The minister was inaugurating the offices of real consultancy Collieries and insurance technology company Sureify at Raidurg.
Mr KTR said the Sureify which started with one employee now employs 220. That was how the city was growing.
The minister said the state government took up the responsibility of providing necessary infrastructure and industry friendly environment. It will continue to do so.
Sureify is an American company that plans to employ 1,000 by 2024 in its Hyderabad office.
Energy minister G Jagadish Reddy, Principal Secretary Jayesh Ranjan, founder Chairman of Cyient Dr BVR Mohan Reddy, Mr Dustin Yoder,
CEO, Sureify Labs and others were present.
Mr KTR explained efforts being made to attract investments to Hyderabad and the policies rolled out for the purpose.
He appealed to Sureify and other companies to also focus on setting up their offices in Tier II cities where abundant talent was available.
In terms of office space, Hyderabad had only two million square feet of office space seven years ago but it has 11 sqft leased out that explains how rapidly Hyderabad is growing.
Energy minister G Jagadish Reddy appreciated the efforts, planning and vision of young dynamic minister Mr KTR in attracting investments and developing Hyderabad city.
By Gollapudi Srinivasa Rao