Congress Govt. will take IT, Industries to new heights: Uttam Kumar Reddy at T-Hub

HYDERABAD: Irrigation and Civil Supplies Minister N Uttam Kumar Reddy asserted that the Congress Government is poised to elevate the industries, information technology, and related sectors to unprecedented levels in Telangana.

Delivering the inaugural address at the Hyderabad Business Seminar, themed "Promotion of trade between US and Telangana," organised by the Confederation of Indian Industries (CII) and American Telugu Association (ATA) at T-Hub on Thursday, Uttam Kumar Reddy reiterated the commitment the new Government to driving Telangana's economic landscape to new heights.

Highlighting the legacy of the previous Congress Government between 2004-2014, he underscored the pivotal role it played in developing global infrastructure in Hyderabad, attracting investments from leading companies worldwide.

He said Rajiv Gandhi International Airport (RGIA), 160-km long Outer Ring Road, PV Narasimha Rao Expressway Corridor, and other infrastructure projects executed by the Congress Government laid the foundation for the placement of Hyderabad as a global city. He emphasised the importance of building a robust foundation for talent acquisition by encouraging higher education.

Uttam Kumar Reddy outlined the Government's vision to set ambitious targets for the advancement of industries, innovation, and information technology. He announced plans to promote these sectors in Tier-2 and Tier-3 cities, alongside developing new infrastructure and fortifying existing structures. He emphasised that the Government's focus would not limited to Hyderabad and it would ensure equitable development across all regions of Telangana.

Characterising Hyderabad as an ideal destination for global investors, he cited its favourable climate, conducive atmosphere, and rich talent pool. He affirmed that Hyderabad remained the first choice for global investors, highlighting the city's potential to further boost investments and stimulate economic growth.

Addressing concerns about saturation, the minister reassured that despite the presence of global players, Hyderabad and other parts of Telangana continued to offer substantial opportunities for new investors. He pledged to encourage existing companies to expand into Tier-2 and Tier-3 cities while extending invitations to global corporations to explore the vast potential in Telangana.

Expressing confidence in the Congress Government's initiatives, Uttam Kumar Reddy asserted that they would attract investments, enhance infrastructure, and generate employment opportunities on a massive scale.

Jennifer Larson, Consul General of the US Embassy in Hyderabad, CII Telangana Chairman C Shekar Reddy, and ATA President Jayanth Challa, also spoke on the need for collaborative efforts towards fostering economic growth in the region.