IT and Industries Minister K.T. Rama Rao’s US tour continues to be punctuated with highly productive meetings as companies announced establishment of their centers in Telangana, expansion plans and explored prospective collaborations. During the meetings in Houston, USA the Minister pitched Telangana as an investment-friendly State and an ideal destination to set up operations of companies.
The announcements and details of meetings with the following companies are mentioned below: 1) Mondee Holdings 2) Storable 3) Rite Software 4)The Charles Schwab Corporation 5)Rave Gears 6) Tekgence.
Principal Secretary of IT and Industries Departments, Mr. Jayesh Ranjan, Special Secretary, Investment Promotion & NRI Affairs, Mr. E Vishnu Vardhan Reddy, Director of Telangana Digital Media Wing, Mr Konatham Dileep, Chief Relations Officer, Mr. Amarnath Reddy Atmakuri and Director, Aerospace and Defence, Praveen PA were present at the meetings.
Mondee Holdings to set up a Technology Centre of Excellence
Mondee Holdings to set up a Technology Centre of Excellence in Telangana generating employment for about 2000 people.
The announcement was made after Prasad Gundumogula, Founder, Chairman, CEO of Mondee Holdings, along with the leadership team, met IT and Industries Minister K.T. Rama Rao in Houston, USA.
Mondee Holdings, Inc is a NASDAQ listed, world’s largest B2B2C travel marketplace and technology innovation company, delivering a revolutionary technology platform of SaaS, mobile, and cloud products and services to a global customer base, processing over 50 million daily searches.
Founded in 2011, Mondee Holdings is headquartered in Austin, Texas, with 17 offices in the USA and Canada, and operations in India, Thailand, and Ireland.
Storable shares its expansion plans
The leadership team of Storable, which established its first Global Development Centre (GDC) in Hyderabad recently, met with IT and Industries Minister K.T. Rama Rao and shared their expansion plans.
Storable is a leading software provider for the self-storage industry serving 41,000 out of the 60,000 storage facilities across the USA, Canada, Australia, and Europe. The tech giant will tap into the city’s talent pool, hiring 100 software developers to start with and to expand further. This collaboration boosts R&D capacity and creates more opportunities for local professionals.
The company also proposed to partner with the Telangana Academy for Skill and Knowledge (TASK) and to engage with the local educational institutions.
The leadership team of Storable that met KTR in Houston, USA includes Mr. Jonathan Lewis, VP of People Operations and Mr. Neil Verma, VP and General Counsel.
Rite Software’s Development Centre to be inaugurated
The leadership team of US-based Rite Software, a leader in digital solutions provider in the ERP domain, met with IT and Industries Minister K.T. Rama Rao in Houston, USA and invited the Minister to inaugurate their new Development Centre in Hyderabad on June 30, 2023.
This new Development Centre will provide employment opportunities for over 500 people this year and also establish collaborative partnerships with some of the esteemed academic institutions of Telangana.
During the meeting, representatives of Rite Software apprised the Minister of the firm’s future plans and their prospective expansion to Tier-II cities of Telangana like Warangal. Rite Software is considering to start a Development Centre in Warangal in near future.
Rite Software established in Hyderabad, India is a fully owned subsidiary of Rite Software Solutions & Services LLC, which is based out of Houston, Texas, USA (Founded in 2006).
The Charles Schwab Corporation team meets Minister KTR to explore potential collaboration opportunities
The leadership team of The Charles Schwab Corporation, an American financial services giant, led by Dennis Howard, global CIO met with IT and Industries Minister K.T. Rama Rao in Houston, USA. Exploring potential collaboration opportunities was a key focus of the meeting. During the discussion, the Minister highlighted the numerous advantages of making investments in Hyderabad. Mr. Aseem R. Mahajan, Consul General of India in Houston was also present at the occasion.
Charles Schwab holds a prominent position in various sectors including banking, commercial banking, investing, and related services. With over 400 branches, they provide comprehensive consulting, wealth management advisory services, and cater to both retail and institutional clients.
Rave Gears expresses interest in establishing a manufacturing plant in Telangana
The leadership team from Texas-based ‘Rave Gears’ had a meeting with IT and Industries Minister K.T. Rama Rao at Houston, USA and discussed prospective collaboration opportunities. Following the meeting, the company expressed interest in establishing a manufacturing plant in Telangana.
Meeting with Tekgence
The delegation from Tekgence, a global supply chain and digital solutions company, met IT and Industries Minister K.T. Rama Rao in Houston and discussed prospective investment opportunities in Telangana.
After the meeting, the company expressed their interest to set up an Advanced Technology Center (ATC) on Product Development and Design Thinking in Hyderabad.
Tekgence President, Lakshmi Yenigalla, and CEO, Raghu Kommaraju stated that the proposed new center would boost Tekgence’s operations and play a crucial part in its growth.