Chief Minister A. Revanth Reddy opened a new Sonata software office in Hyderabad on Monday. |Picture source: Arrangement
Chief Minister A. Revanth Reddy said on Monday that the focus of Telangana’s government vision is to achieve balanced growth, gain investment, create jobs and develop excellent infrastructure while ensuring the welfare of all.
Speaking at the 2 million square foot facility that opened the IT company Sonata Software, Hyderabad Financial District, Mr. Reddy stressed that industry and economic growth is crucial to “my government helps the growth of stakeholders (farmers, women, youth, youth, students and seniors)”.
Since taking office in December 2023, the government has successfully attracted nearly 3 lakh rupees in investment and has created more than 10,000 jobs in the private sector. He said: “When investors met in the United States, South Korea, Japan and Singapore during my trip to the World Economic Forum in Davos, we were convinced of what the world meant to Telangana.
Telangana is the number one state to attract domestic and international investment. Hyderabad has become a hub for the Global Capacity Center (GCC) for software, life sciences and manufacturing companies, in addition to the AI-Ready data center. IT giants such as Microsoft, Cognizant, HCL Tech, Infosys and Wipro have opened new campuses and are expanding operations in the city.
Mr Revanth Reddy said Telangana was also creating jobs in the government and the private sector, managing inflation, tax collections and reports from the Indian government on policing and maintaining law and order.
In 2030, he sought all support for transforming Telangana into a $1 trillion economy and transforming Hyderabad into “the most amazing city in the world”, and he listed some of the government’s projects to promote and accelerate growth. Develop “India’s most planned city in Hyderabad – future cities, including AI cities”; build a dry port and connect it to the AP’s seaport with dedicated road and railway corridors; in which the Rajiv Yuva Vikasam program, funds and funding for young entrepreneurs across vertical industries.
Industry and IT Minister D. Sridhar Babu told the party that the government is keen to establish Telangana as a global leader in emerging technologies.
Samir Dhir, Sonata Software MD and CEO, said that since 1988, the Bangalore-based company operates in Hyderabad. Of India’s 5,500 employees, Bangalore hosts about 3,000 and Hyderabad has about 2,000, including more than 1,200 employed in the past year. The company plans to have 5,000 employees in Hyderabad over the next five years.
Srini Veeravelli, CEO of Sonata software company Quant Systems Inc, said the new plant will help deliver AI, ML and Cloud Modernations Solutions to customers around the world.
publishing – May 12, 2025 at 08:25 pm ist
