Telangana Chief Minister Revanth Reddy emphasized that Hyderabad is an ideal location for investments, stating that there is no other city around Telangana like Hyderabad. He invited industrialists to invest in the state, assuring them that the Telangana government would provide all necessary facilities. Speaking at the inauguration of Cognizant’s new campus, CM Revanth Reddy said, “Our competition is not with Andhra Pradesh or Karnataka, but with the world.”
Upcoming Agreements and Investment Plans
He expressed satisfaction over the successful completion of his 10-day tour of the U.S. and South Korea, during which every businessperson and corporate leader he met was positive about investing in Telangana and Hyderabad. The tour is expected to bring in investments worth ₹31,500 crores, creating over 30,750 jobs. The state plans to finalize more agreements soon and will set up an Investor Task Force to facilitate investment-related meetings. He also mentioned the state’s vision of turning Telangana into a trillion-dollar economy within the next 10 years, highlighting plans to develop the state’s three rings: the core urban area of Hyderabad, a semi-urban manufacturing center, and rural Telangana, which will feature the best modern villages in Asia. CM Revanth assured full support for Cognizant’s expansion.
Importance of Cognizant in Hyderabad
CM Revanth Reddy acknowledged the significance of Cognizant in Hyderabad, a city with over 400 years of history. He credited Rajiv Gandhi with laying the foundation for IT development in Hyderabad, followed by Chandrababu Naidu and YS Rajasekhar Reddy, who continued this progress by developing Cyberabad. Like Hyderabad, Cognizant has grown gradually and is now recognized as the second-largest job provider in the state. Despite political differences, there is a unanimous commitment to developing Hyderabad. The Chief Minister stated that, just as Hyderabad, Secunderabad, and Cyberabad were developed, they are now working to develop a fourth city—Future City—which will demonstrate their dedication to progress.