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New Indian Express
11-06-2025
- Business
- New Indian Express
Two UAE-based firms to invest Rs 2,125 crore in Telangana
HYDERABAD: UAE-based firms Shaiva Group and Taranis Capital have committed to investing Rs 2,125 crore in Telangana. The two companies signed memoranda of understanding (MoUs) with five Telangana-based firms in the presence of IT and Industries Minister D Sridhar Babu at the Secretariat on Tuesday. Appreciating the investment, Sridhar Babu said: 'We welcome Shaiva Group and Taranis Capital, two UAE-based investors who have chosen to become partners in Telangana's development. This collaboration is expected to create jobs for 5,020 people in the state.' He said the development reflected the government's efforts under Chief Minister A Revanth Reddy to attract investment and generate employment opportunities for the state's youth. The minister pointed out that the Congress regime had filled over 60,000 posts in the government sector and attracted investment worth over Rs 3 lakh crore in the last 18 months, which, he said, led to the creation of more than one lakh private sector jobs. Sridhar Babu added that the two UAE firms had expressed interest in investing an additional Rs 24,000 crore over the next three years in areas such as biotechnology, artificial intelligence, data centres, defence, energy, fintech and public infrastructure. In biotechnology, the focus would be on reducing sugar in consumables, anti-diabetic innovations, food management products and large-scale projects like 'Fourth City' and 'AI City'.
Hans India
11-06-2025
- Business
- Hans India
UAE cos to invest Rs 2,125 cr in TG
Hyderabad: In a significant boost to Telangana's investment landscape, UAE-based companies Shaiva Group and Taranis Capital on Tuesday inked agreements to invest Rs 2,125 crore in the state. IT and Industries Minister D Sridhar Babu announced that the two firms signed Memorandums of Understanding (MoUs) with five Telangana based companies. This partnership is set to generate employment opportunities for 5,020 youth in the state. The companies, which are into biotech space, will focus on initiatives such as reducing sugar content in consumables, anti-diabetic innovations and food management products. The two companies will invest Rs 1,360 crore in Revelations Biotech, Rs 340 crore in Manakin Bio, Rs 80 crore in Svobodha Infinity Investment Advisors, Rs 90 crore in Exigent Drilling Technology Pvt Ltd and Rs 55 crore in Yentra Tech Controls. Addressing the media later, the minister said the two prominent UAE based investors chose to become partners in Telangana's journey of inclusive growth and development. Over the next three years, the two firms expressed interest in investing an additional Rs 24,000 crore in key sectors such as biotech, AI, data centers, defense, energy, fintech, and public infrastructure, he added. The minister expressed his heartfelt gratitude to the investors for placing their trust in Telangana and aligning with the vision of 'Rising Telangana'. Highlighting the importance of skilling, Sridhar Babu noted, 'Our greatest asset is the talent of our youth. Yet, industry leaders often voice concerns that graduates lack job-ready skills. To bridge this gap, we have established the 'Young India Skills University' designed with international standards to prepare a ready-made, skilled workforce tailored to the industry needs.' Shaiva Group Chairman & CEO Amit Jagannath Varma, Taranis Capital CEO Nicholas S Bingham, Revelations Biotech MD Ravichandra Beeram and others were present.
Time of India
10-06-2025
- Business
- Time of India
Shaiva Group, Taranis Capital of UAE to invest over Rs 26K crore in T in 3 years: Min
Hyderabad: UAE-based Shaiva Group and Taranis Capital have committed an investment of Rs 2,125 crore in five Telangana companies with plans to invest another ₹24,000 over the next three years, Telangana industries & IT minister Duddilla Sridhar Babu said on Tuesday. The two UAE investors inked Memoranda of Understanding (MoUs) to invest ₹1,360 crore in Revelations Biotech, ₹340 crore in Manakin Bio, ₹255 crore in Yentra Tech Controls, ₹90 crore in Exigent Drilling Technology Pvt Ltd and ₹80 crore in Svobodha Infinity Investment Advisors. These investments will create employment for around 5,020 youth in the state, the minister said. "This is just the beginning. Over the next three years, the two firms have expressed interest in investing an additional ₹24,000 crore in key sectors such as biotech, AI, data centers, defense, energy, fintech, and public infrastructure," Sridhar Babu said. He said over the last 18 months, the Telangana govt has filled over 60,000 government jobs and attracted investments of over ₹3 lakh crore, which has resulted in the generation of over one lakh private sector jobs for youth. "Telangana is not just a state; it is a land of opportunities, a hub of innovation, creativity, and global partnerships," Sridhar Babu said, urging investors to be part of Telangana's dynamic growth story. He also alleged misinformation campaigns against the government. "Some detractors are falsely claiming that industries are leaving the state and no investments are coming in. I ask them—can't you see the investments we are securing and the jobs we are creating? The people of Telangana must think critically about such propaganda," he said.
Time of India
10-06-2025
- Business
- Time of India
UAE based Shaiva Group, Taranis Capital to invest Rs 2,125 Cr in Telangana
Shaiva Group and Taranis Capital from UAE will invest Rs 2,125 crore in Telangana. They signed MoUs with five Telangana companies. Revelations Biotech, Manakin Bio and others will receive investments. This partnership will create 5,020 jobs for the youth. The firms may invest an additional Rs 24,000 crore in sectors like biotech and AI in the next three years. Tired of too many ads? Remove Ads UAE-based companies Shaiva Group and Taranis Capital have committed to invest Rs 2,125 crore in Telangana, the state government said on Minister for IT and Industries D Sridhar Babu said the two firms signed Memorandums of Understanding (MoUs) with five Telangana based two companies would invest Rs 1,360 crore in Revelations Biotech, Rs 340 crore in Manakin Bio, Rs 80 crore in Svobodha Infinity Investment Advisors, Rs 90 crore in Exigent Drilling Technology Pvt. Ltd., Rs 255 crore in Yentra Tech Controls, an official release partnership is set to generate employment opportunities for 5,020 youth in the state."In the last 18 months alone, we have filled over 60,000 government jobs and attracted investments exceeding Rs 3 lakh crore. This has led to the creation of over one lakh private sector jobs for the youth. Today marks another giant step forward on this journey," an official release quoted Sridhar Babu the next three years, the two firms have expressed interest in investing an additional Rs 24,000 crore in key sectors such as biotech, AI, data centers, defense, energy, fintech, and public infrastructure, he added. PTI
