Shaiva Group, Taranis Capital of UAE to invest over Rs 26K crore in T in 3 years: Min
The two UAE investors inked Memoranda of Understanding (MoUs) to invest ₹1,360 crore in Revelations Biotech, ₹340 crore in Manakin Bio, ₹255 crore in Yentra Tech Controls, ₹90 crore in Exigent Drilling Technology Pvt Ltd and ₹80 crore in Svobodha Infinity Investment Advisors.
These investments will create employment for around 5,020 youth in the state, the minister said.
"This is just the beginning. Over the next three years, the two firms have expressed interest in investing an additional ₹24,000 crore in key sectors such as biotech, AI, data centers, defense, energy, fintech, and public infrastructure," Sridhar Babu said.
He said over the last 18 months, the Telangana govt has filled over 60,000 government jobs and attracted investments of over ₹3 lakh crore, which has resulted in the generation of over one lakh private sector jobs for youth.
"Telangana is not just a state; it is a land of opportunities, a hub of innovation, creativity, and global partnerships," Sridhar Babu said, urging investors to be part of Telangana's dynamic growth story.
He also alleged misinformation campaigns against the government. "Some detractors are falsely claiming that industries are leaving the state and no investments are coming in. I ask them—can't you see the investments we are securing and the jobs we are creating? The people of Telangana must think critically about such propaganda," he said.
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