Tata Group promises major new investments, expansion plans in Telangana

DAVOS: The Tata Sons Group has a evinced interest in new investments and expansion of its existing business in Telangana. Already, the company y has very large and diversified businesses that are operational in Telangana.

Chief Minister of Telanganai Revanth Reddy, and Natarajan Chandrasekaran, Chairman of Tata Sons, met during the World Economic Forum Annual Meeting 2024 in Davos, Switzerland and discussed Tata group’s ongoing and future business plans for Telangana.

Tata Consultancy Services (TCS), the tech consulting arm of Tata Group, employs more than 80,000 in Hyderabad, making them one of the largest IT employers in the state.

TCS has large plans for Hyderabad and will continue to grow over the next few years.

Tata Advanced Systems Limited has successfully grounded multiple joint ventures in leading global defence and aerospace companies like Boeing, Sikorsky, GE, Lockheed Martin and is committed to expand further in this strategic sector.

Tata Technologies Limited (TTL) is also partnering with the State government to upgrade and transform Government ITIs as Advanced Technology Centres to impart long term and short term courses in industry 4.0 trades and bridge the skill gap.

TTL will be investing around Rs 1,500 crore to set up advanced skilling centres in 50 Govt ITIs and also deploy master trainers for handholding the new courses.

Tata group is expanding its Air India fleet and has plans to increase both domestic and international connections from Hyderabad and make Hyderabad an important transit hub.

Hon’ble Chief Minister, Sri A Revanth Reddy said on the occasion, “Tata group is a vital partner and key contributor to state’s economic growth. Our government is committed to facilitate Tata groups investments in different sectors. We are happy to partner with TTL to establish advanced tech centres in Govt ITIs and welcome TTL to join the initiative to set up dedicated skill universities in Telangana”.

Chandrasekaran added “Telangana is a strategically important location for the Tata group. As a group, we intend to expand in Telangana as much as possible and we look forward to working cooperatively with the new Government.”

Minister for Industries and ITE&C Sri D. Sridhar Babu, Principal Secretary ITE&C, I&C Sri Jayesh Ranjan, and Special Secretary, Investment Promotion, Sri Vishnu Vardhan Reddy were present during the meeting.