Telangana eyes world-class manufacturing hub status: Minister Sridhar Babu

Hyderabad, Jul 10 (PTI) Telangana offers vast investment opportunities in sectors such as life sciences, biotechnology, aerospace, defence, semiconductors, AI and GCCs, Industries Minister D Sridhar Babu said on Friday. He stated that the state government was making deliberate efforts to transform Telangana into a world-class manufacturing hub. The state offers investor-friendly industrial policies, world-class infrastructure and a skilled workforce, he said, during an interaction with a high-level German delegation led by Tobias Gotthardt, Vice Minister of the Bavarian Ministry of Economic Affairs, Regional Development and Energy. Telangana was the most conducive state for establishing manufacturing industries compared to other states in the country, Sridhar Babu said. During the meeting, both sides discussed opportunities to strengthen bilateral relations further, a press release said. The minister explained the policies being implemented by the state government to accelerate industrial development and the incentives being extended to industries. He urged the German delegation to encourage industrialists from their country to invest in Telangana. The minister added that the state government was ready to expand the Telangana-Germany partnership beyond investments to include collaboration in technology, research and skill development. PTI SJR SSK