Telangana State Industry Watch: Business News & Updates, April 2023

Telangana State Industry Watch: Business News & Updates, April 2023

Business Development

MSME Updates Government Of Telangana

MSME Updates Government Of Telangana

66 week ago — 13 min read

 Principal Secretary Message

I am pleased to unveil the April ’23 Issue of our Industries Dept. newsletter. The previous quarter has been extremely busy and eventful for us at the Government. We have had several marquee events such as the flagship event of our government, Bioasia ’23, and the first-of-its-kind E-Mobility Week in Hyderabad. Our official business delegation’s visit to the World Economic (WEF) at Davos in January was quite successful in attracting some important investments to Telangana.

 

Last quarter, major global companies such as Allox, Blackberry, Bristol Myers Squibb, Eurons, Foxconn, Foxx Life Sciences, TUV Rheinland & ATS and WebPT have come forward to invest in our State. We also launched facilities of Claranet, Cyber Ark, ITC Limited and Welspun. I am also proud to share that Amazon has launched ‘Amazon Air’, a dedicated air cargo network in Hyderabad; and this is the first time in India that an e-commerce company has done that.

 

We launched T-Works, India’s largest prototyping facility next to T-Hub 2.0. We also felicitated the Industry Awards 2022 winners on 7th March in the presence of Hon’ble Industries Minister and will soon launch the online Awards application form for 2023 through TS GlobalLinker portal. The Minister also opened the ‘Indian Business Portal’ for businesses in Telangana which will allow State sellers to connect with foreign buyers. We signed an MoU with Invoicemart a TReDS platform to support MSMEs overcome the issue of delayed payments. I hope the Industry will make use of these facilities to the most.

 

T-Works Launch

 

T-Works, the largest prototyping centre in the country was inaugurated on 2nd March 2023 by Foxconn’s Chairman Young Liu, in the presence of Hon’ble Industries Minister Sri. KT Rama Rao. T-Works helps rural innovators transform their ideas into products by aiding them in developing working prototypes. The centre has already supported entrepreneurs in creating prototypes for electric go-karting vehicles, seed-sowing tools and bio-pots to name a few. The facility boasts of Laser Cutting & Engraving, Testing Lab (Environmental, Vibration, Metrology), Electronics Lab, 3D Printing, Metal and Wood shops, Garage space, Ceramics studio, Library and a Retail store. 

 

Invoicemart MoU

An MoU was signed between Government of Telangana and Invoicemart on 3rd March 2023 to create awareness amongst State MSMEs about the TReDS platform through seminars, workshops and one-to-one meetings. 

 

TReDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. The collaboration will also support popularization of the Invoicemart platform and onboarding of more MSMEs on the platform from the State.

 

 Events & Conferences

 

Hyderabad E-Mobility Week

Hyderabad E-Mobility Week was conducted from Feb 5-11. During the week, Hyderabad hosted the Hyderabad EV Summit called ‘Mobility Next Hyderabad’ which showcased global leaders, eminent academicians and policymakers discussing future of sustainable mobility. The Hon’ble Industries Minister Sri KT Rama Rao unveiled one-of-its-kind Telangana Mobility Valley (TMV) at the Summit. Other activities during the week included Rall-E Hyderabad: an EV rally for electric 2 & 3 wheelers, Hyderabad E-Motor Show 2023: one of the first EV expos in India at Hitex, before closing the week with Hyderabad E-Prix, nation’s first-ever Formula E-race.   

 

Industry Awards 2022

The Government of Telangana along with TS GlobalLinker, announced winners of the ‘Industry Awards 2022’ at the Annual Meeting on Beyond India@75 held by CII. Introduced in 2017, the esteemed ‘Telangana State Industry Awards’ is a statewide competition that recognizes and rewards exceptional achievements made by Telangana based businesses, covering both large & small organizations. The chief guest Shri K.T. Rama Rao, Hon’ble Minister for Industries felicitated the 28 winners. 

Shri K.T. Rama Rao also opened up ‘Indian Business Portal’ - www.indianbusinessportal.in for the businesses of Telangana which is an international trade hub, connecting Indian exporters with foreign buyers. This digital platform aims to facilitate matchmaking between sellers and buyers across a very wide range of products and services, including GI products from India. 

 

Bioasia

The 20th edition of BioAsia 2023 with the theme “Advancing for ONE – Shaping the next generation of humanized healthcare”, was conducted from Feb 24-26 and saw more than 2000+ delegates attend the event. Over 50 countries were represented at the event and more than 2000 B2B meetings took place. The Pharma eco-system in Telangana worth $50 Bn in 2021 is poised to grow to $100 Bn by 2028.

Many announcements were made on the sidelines of the event. UNICEF India announced setting up of Y-Hub in Hyderabad, India’s rst youth & adolescent focused hub to foster innovation, design thinking & entrepreneurship among youth. Jubilant Bhartia Group, a global leader in Pharma & Life Sciences announced setting up of a state-of-the-art facility in Genome Valley. The global Healthcare company Sano announced setting up of its Global Medical Hub in Hyderabad. WHO announced setting up of an mRNA vaccine hub in Hyderabad.

 

ONDC Event

Government of Telangana, along with ONDC, TS GlobalLinker and FTCCI organized a session on ‘How Open Network for Digital Commerce (ONDC) can be a game changer for businesses’ at FTCCI. Through the event, the Govt. and ONDC team emphasized the importance of ONDC in democratizing e-commerce businesses as UPI did for payments across India. The digital platform Telangana State GlobalLinker has become ONDC compliant, and any seller onboarded onto the platform will be discoverable to consumers across India through other platforms which are ONDC compliant. 

 

Savills Report Launch

UK Headquartered real estate services giant, Savills released the report ‘Hyderabad: The Sprint’, stating that Hyderabad is surging ahead as the economic powerhouse of India. 

 

WEF ’23, Davos

During the recent World Economic Forum at Davos in January 2023, Telangana delegation bagged Rs. 21,000 Cr. of investments. Telangana team conducted 52 Business meetings, 6 roundtable meetings and 2 panel discussions over four days of the event.

 

Investments & Collaborations

 

Allox

Allox is setting up India’s rst multi-GW Lithium Cathode Material -LFP manufacturing unit in Telangana. The 3 GWH/PA capacity state-of-the-art facility with an investment of Rs. 210 Cr. will be expanded to 10 GWH/PA with 750 Cr. by 2030.

 

Bharti Airtel Group

Bharti Airtel Group will set up a large Hyperscale Data Centre in Hyderabad with Rs. 2000 Cr. Investment.

 

Cyber Ark

The company’s largest development centre outside of Israel was inaugurated recently in Hyderabad. Cyber Ark is a global leader in Identity Security and is now expanding its worldwide research & development resources.

 

Amazon Air

Amazon is the first e-commerce company in India to launch ‘Amazon Air’ a dedicated air cargo network outside North America and Europe, in Hyderabad.

 

Blackberry

Blackberry is expanding its global software innovation network to Hyderabad with an IoT Centre of Excellence, engineering & innovation. The proposed CoE will be the 2nd largest IoT division of BlackBerry worldwide, after Canada where the company is headquartered.

 

Eurofins

Eurofins, a global leader in Pharma & Bioanalytical Testing, has announced establishment of a fully equipped, state-of-the-art laboratory campus in Genome Valley, Hyderabad, with an investment of about Rs. 1,000 Cr.

 

Apollo Tyres

Apollo Tyres Ltd. is setting up its Digital Innovation Centre in Hyderabad. The proposed Digital Innovation Centre will work in areas like Industry 4.0, IoT, AI/ML, Digital Twins, Block Chain and Cloud Computing. This is the second Digital Innovation Centre for Apollo Tyres, first one being in London.

 

Bristol Myers Squibb

Bristol Myers Squibb, the global Pharma giant will set up a state-of-the-art facility in Hyderabad with an investment of Rs. 820 Cr. The proposed facility in Telangana will employ about 1,500 local youths.

 

AWS Cloud

AWS Cloud will invest Rs. 36,300 Cr. to set up AWS state-of-the-art Data Centres in Hyderabad. This investment will transform the speed, scale and eciency of citizen services.

 

Claranet

Claranet, a UK based company focusing on cybersecurity and cloud, inaugurated their India office in Hyderabad with 250 resources.

 

Foxconn

Hon Hai Technology Group (Foxconn) has announced to set up a manufacturing facility in Telangana with employment potential of over 1 lakh. Foxconn and State govt signed an agreement in this direction.

 

Foxx Life Sciences

US headquartered Foxx Life Sciences has announced plans to invest Rs. 200 Cr. in Telangana to expand capabilities in pharmaceutical single use technology (SUT) for drug manufacturing.

 

SGD Pharma-Corning Inc.

SGD Pharma & Corning announce a future collaboration to expand their pharmaceutical packaging in India with an investment of Rs. 500 Cr. The collaboration will create nearly 550 jobs, advance manufacturing capabilities and accelerate delivery of critical drugs.

 

Gland Pharma

Gland Pharma announced over Rs. 400 Cr. investment in Genome Valley. This facility will have potential of generating employment for over 500 local youths.

 

Mahindra & Mahindra

Mahindra & Mahindra will set up Last Mile Mobility EV manufacturing facility in Zaheerabad with an investment of Rs. 1,000 Cr. The facility will manufacture electric 3 & 4 wheelers.

 

TUV Rheinland and ATS

The global leading automotive testing operator will invest Rs. 250 Cr. to set up India’s first CAV proving grounds and state-of-the-art EV, battery and emerging technology testing labs in Telangana Mobility Valley.

 

Godrej Agrovet

Godrej Agrovet Ltd., one of the largest edible oil developers in India, announced establishment of a 30 TPH edible oil processing plant, expandable to 60 TPH with an investment of Rs. 250 Cr. in the State.

 

Microsoft

Microsoft announced 3 more Data Centres in Hyderabad with an investment of Rs. 16,000 Cr. These will be in addition to the previous 3 announced in early 2022 with an investment of Rs. 15,000 Cr.

 

WebPT

WebPT announced a Global Capabilities Centre (GCC) in Hyderabad with Rs. 150 Cr. investment. WebPT is one of the fastest-growing outpatient rehab therapy software platforms in the world.

 

Inspire Brands

Inspire Brands to set up its Support Centre in Hyderabad. The centre will support across four verticals viz. IT Infrastructure & Development Operations, Restaurant Tech, Digital Tech and Enterprise Data.

 

Sandoz Global

Sandoz Global announced setting up of their Global Capability Centre (GCC) in Hyderabad. The GCC will provide support for their worldwide knowledge services.

 

WEF

World Economic Forum will set up a Centre for the Fourth Industrial Revolution (C4IR Telangana) in Hyderabad, which will be India’s rst centre focused on healthcare and life sciences.

 

ITC Limited

ITC’s integrated Food Manufacturing & Logistics facility was launched in Medak. The facility was launched with an initial investment of Rs. 450 Cr. and it will create livelihoods across sustainable agri-value chains.

 

Serum Institute India

Serum Institute India, the largest vaccine manufacturer, announced establishment of Dr. Cyrus Poonawalla Center of Excellence in Infectious Diseases and Pandemic Preparedness in Hyderabad.

 

Welspun

Welspun India Ltd.’s 1 lakh sft. advanced textile facility set up with an investment of Rs. 500 Cr. was inaugurated in Chandanvelly. This is the 2nd investment after 2 years and the Group is also planning to set up its IT Shared Services Centre in Chandanvelly, proposed to create 1000+ jobs for local youth.


Content courtesy: Newsletter I & C Dept - April 2023

 

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