Two UAE-based firms to invest Rs 2,125 crore in Telangana
Appreciating the investment, Sridhar Babu said: 'We welcome Shaiva Group and Taranis Capital, two UAE-based investors who have chosen to become partners in Telangana's development. This collaboration is expected to create jobs for 5,020 people in the state.'
He said the development reflected the government's efforts under Chief Minister A Revanth Reddy to attract investment and generate employment opportunities for the state's youth. The minister pointed out that the Congress regime had filled over 60,000 posts in the government sector and attracted investment worth over Rs 3 lakh crore in the last 18 months, which, he said, led to the creation of more than one lakh private sector jobs.
Sridhar Babu added that the two UAE firms had expressed interest in investing an additional Rs 24,000 crore over the next three years in areas such as biotechnology, artificial intelligence, data centres, defence, energy, fintech and public infrastructure. In biotechnology, the focus would be on reducing sugar in consumables, anti-diabetic innovations, food management products and large-scale projects like 'Fourth City' and 'AI City'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
27 minutes ago
- Indian Express
Gujarat CM inaugurates projects worth Rs 73 crore; hails Surat for acing Super Swachh League
To mark Urban Development Year 2025, Chief Minister Bhupendra Patel inaugurated various projects worth an estimated Rs 73.01 crore in different zones and laid the foundation stone for projects worth around Rs 362.45 crore, in Surat on Saturday. With Surat city acing the Super Swachh League as the cleanest city in India, CM Patel congratulated the sanitation workers. On the occasion, Union Minister for Jal Shakti C R Paatil said, 'Surat city is marching ahead and is a source of inspiration for other cities in the country.' Congratulating the sanitation workers along with officers and employees of the civic body, he appealed to the citizens to continuously maintain the achievements made in the field of cleanliness. The Union minister said, 'Surat has done good work in rainwater harvesting with the people of the community and Rajasthani businessmen playing an important role in Jan Sanchay Jan Bhagidari (JSJB). Under the rainwater harvesting initiative, a total of 32 lakh structures have been constructed across 33 states and 611 districts in India. Under Jal Sanchay Jan Bhagidari-2, which started on June 1 this year, Gujarat stood in first position, while in Jal Sanchay Jan Bhagidari-1, it clinched the 6th position. In the JSJB-1, Banaskantha, which falls within the dark zone and is a dry area, has worked exponentially well. With the help of Banas Dairy Chairman Shanker Chaudhary, over 27,000 structures for Jal Sanchay were made in the district. Farmers paid 50%, and the remaining one was paid by Banas dairy in JSJB-1.' CM Patel has allocated a budget of Rs 50 lakh to the MLAs to accelerate the water conservation campaign launched under the leadership of Prime Minister Narendra Modi, Paatil said. Addressing the gathering, CM Patel said, 'Suraksha and salamati paya ni pehli sharat chhe (Safety and security are the first basic conditions). PM Modi has given top priority to the country's security and the safety of its people.' He said, 'Under the leadership of PM Modi, the Indian Army has achieved resounding success in terms of surgical strikes, air strikes and recently, Operation Sindoor.' Keeping in mind the vision of PM Modi's Developed India-2047, he said, 'To raise the standards of ease of living in Surat, the foundation stone and inauguration of different development projects were done in Surat today. SMC is constantly striving to provide excellent infrastructure and basic facilities to the citizens. As part of the development works, tree plantation has been undertaken under the Ek Ped Ma Ke Naam Abhiyan to preserve the environment. The Catch the Rain Abhiyan has been undertaken to prevent water problems in the future.' He said, 'Surat has the longest BRTS corridor in India, measuring 108 km. Under this, it is the first city in India to operate 100% electric buses. The participation of every citizen of Gujarat is necessary to develop Surat as a growth hub and become a world-class city.' The programme also included the launch of the logo for the Surat Gender and Inclusion Lab under the Sustainable Urban Mobility — Air Quality, Climate Action, and Accessibility (SUM-ACA) project with GIZ-Germany. Besides, three digital tools – E-Bus Planning and Optimization Tool, E-Bus Scheduling Tool, and Bus Key Performance Indicator Dashboard Tool – were launched. They have been developed in collaboration with GIZ-Germany to make the public transport service of Surat Municipal Corporation (SMC) effective. At the event, two films narrating the development and growth story of Surat were screened. At the event, CM Patel also watched a performance put together by the students of the AI (Artificial Intelligence) Lab at Suman School, which the Surat civic body runs. Besides, he conducted a computerised draw system of 1,494 houses under Pradhan Mantri Awas Yojna at Bhestan, Palanpur and Bhesan, from Sanjiv Kumar Auditorium in Surat.
Indian Express
27 minutes ago
- Indian Express
If 14,000 men have benefitted from Ladki Bahin Yojana, we will recover money from them: Ajit Pawar
Deputy Chief Minister Ajit Pawar on Saturday said the government will recover money from those men who have taken advantage of the state's flagship Ladki Bahin Yojana which was said to be largely instrumental in bringing the BJP-led Mahayuti back to power in Maharashtra. Over 14,000 men have been reportedly benefitted from the scheme. 'The Ladki Bahin Yojana was implemented as financial assistance for poor women. It was brought with honest intention. It was not meant for men. And therefore, we are going to recover the money from them. If they do not co-operate, we will take action against them,' Pawar told reporters when asked about the media reports that 14,298 men have benefitted from the scheme. The scheme was started in August 2024 before the Assembly elections. The beneficiaries got Rs 1,500 per month in their bank accounts. As many as 14,298 men have apparently received benefits of over Rs 21 crore. Sports Minister Dattatraya Bharne, who in the past had admitted how the scheme had put additional financial burden on the state government, said, 'If men have got benefits from the scheme, the government will take appropriate action in the matter.' Another NCP Minister Chhagan Bhujbal said, 'If this has happened, then government will investigate.' Shashikant Shinde, NCP (S-P) state president, said, 'We have been consistently saying that those who were not eligible were getting benefits of the Ladki Bahin Yojana. In the House too, we had been asking the government to recover the amount which was wrongly distributed. The scheme was wrongly implemented.' Baramati MP Supriya Sule said it has come to light that some men have taken advantage of the Ladki Bahin Yojana. 'The government hurriedly got lakhs of forms filled up by women before the Assembly elections,' she said, while demanding ED and CBI investigation against contractors who were tasked with getting forms filled up from women about the Ladki Bahin Yojana.
NDTV
27 minutes ago
- NDTV
After Aerospace, Quantum Computing Tussle Erupts Between Andhra Pradesh And Karnataka
Bengaluru: The two neighbouring states and the governments are at it once again. The competitive spirit between Andhra Pradesh and Karnataka has now spilled into the realm of quantum technology, with a fresh war of words erupting between the two neighbours over the title of hosting India's first homegrown quantum computer. On July 25, Andhra Chief Minister N Chandrababu Naidu took to social media platform X to announce that Amaravati would soon deploy "India's first indigenously built 8-qubit quantum computer" by November, in collaboration with Bengaluru-based firm QpiAI and under the aegis of the National Quantum Mission. "Andhra Pradesh is set to deploy India's first indigenously built 8-qubit quantum computer this November in Amaravati, with support from QpiAI. This initiative, backed by the National Quantum Mission, aims to transform agriculture, water management, and healthcare," Mr Naidu had said in the social media post. Andhra Pradesh is set to deploy India's first indigenously built 8-qubit quantum computer this November in Amaravati, with support from @QpiAI. This initiative, backed by the National Quantum Mission, aims to transform agriculture, water management, and healthcare. I would like... — N Chandrababu Naidu (@ncbn) July 24, 2025 However, the claim didn't sit well with Karnataka's Minister for Science and Technology, NS Boseraju, who has now countered the post with a rebuttal. Mr Boseraju clarified that the first homegrown quantum computer by QpiAI has been operational in Bengaluru since April. "For the record: India's first Quantum computer built indigenously by QpiAI right here in Bengaluru, Karnataka began its commercial operations in April 2025. Let us stay rooted in facts and truth while celebrating progress," Mr Boseraju said. For the record: India's first Quantum computer built indigenously by @QpiAI right here in Bengaluru, Karnataka began it's commercial operations since April 2025. This 25 Qubit Quantum computer named "INDUS" is already delivering real-world services in sectors like healthcare,... — N.S Boseraju (@NsBoseraju) July 25, 2025 Not long ago, Andhra and Karnataka were caught in a similar standoff over claims relating to aerospace manufacturing supremacy, with both governments projecting their states as the future for India's aerospace industry. Just a few days ago, minister Nara Lokesh had invited aerospace industries to invest in Andhra after the Karnataka government had to call off land acquisition in Devanahalli following protests by local farmer groups. "Dear Aerospace industry, sorry to hear about this. I have a better idea for you. Why don't you look at Andhra Pradesh instead? We have an attractive aerospace policy for you, with best-in-class incentives and over 8000 acres of ready-to-use land (just outside Bengaluru)! Hope to see you soon to talk across the table," he had said. This was countered by several ministers in Karnataka who defended how the state has a ready ecosystem for aerospace industries. "This is not just about land, this is an entire ecosystem that we provide, that's why top companies like Boeing, Lockheed Martin etc prefer Bengaluru. If not Devanahalli, we will provide land elsewhere. I want to tell Nara Lokesh, he is looking to fish in troubled waters, but we will protect our interests," Industries Minister MB Patil had told NDTV.
