Telangana goes all out to get MNCs to open tech base in state
Telangana is wooing tech giants like Amazon Web Services (AWS) along with marquee brands across sectors including hospitality, defence and aerospace to either set up new facilities or expand their existing operations in the state.
Talks were underway with AWS to pump in an additional $2 billion to expand its data centre capabilities in the state, Telangana industries and IT minister Duddilla Sridhar Babu told ET in an exclusive interaction in Hyderabad.
Also, hospitality major Marriott Group is setting up its first global capability centre (GCC) in the country in Hyderabad, he said late last month.
The strategy is to go beyond attracting core technology companies and to persuade large multinationals from diverse sectors to make Telangana their tech hub, Babu said.
“Amazon has shown interest in investing $2 billion in data centres across Telangana, not limited to just Hyderabad,” he told ET. “In our discussions, they (AWS) have conveyed their plans to channel this investment over the next 4-5 years, focusing specifically on data centre development.”
This is over and above the $4.4 billion investment that the Washington-based company announced two years ago dedicated for its Hyderabad region, he said.
Telangana is also doubling down on its head start in the GCC space, actively pursuing aerospace and defence majors to consider establishing centralised captive units for various business functions in the state, Babu said.
“Telangana already hosts some of the industry's best, including Boeing, Lockheed Martin, Tata
