KTR wraps up US, UK biz tour with investments that will create 42K jobs

Hyderabad: Telangana industries & IT minister KT Rama Rao on Thursday wrapped up his two-week business tour of the United States (US) and United Kingdom (UK) with investment commitments that will create around 42,000 direct jobs in the state.Each of these proposed direct jobs slated to be created will have a potential to create three to four indirect jobs, a communique from KTR’s office said.The state has bagged investments across sectors such as BFSI (banking, financial services and insurance), emerging technologies, IT & ITeS, media & entertainment, aerospace & defense, lifesciences, medical devices, digital solutions, innovation & data centres, automotive and EV, among others.These include committments by entertainment giant Warner Bros Discovery, medical devices biggie Medtronic, banking behemoth StateStreet, Bain Capital-owned VXI Global Solutions and the London Stock Exchange group, sports live streaming major DAZN, French-American oil & gas giant Technip FMC, among others. In his tour of London in the UK and New York, Washington DC, Houston, Henderson and Boston in US, KTR held over 80 business meetings, attended five sector specific roundtable meetings and addressed two conferences where he showcased the Telangana model of development and key projects such as Kaleshwaram and Mission Bhagiratha.In meetings the minister pitched Telangana as the ideal gateway for investors choosing India as their investment destination and also got some IT companies like Sonata Software and 3M-Eclat to invest in tier-2 cities like Nalgonda and Karimnagar, respectively.While Sonata Software plans to add 200 jobs in a new centre in the soon-to-be-opened Nalgonda IT Tower, 3M-Eclat plans to start an operations centre at Karimnagar while Rite Software expressed interest in expanding operations to Warangal soon.
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