Kayne’s Semicon Reaffirms Commitment to Invest in Telangana: Minister Sridhar Babu

Hyderabad: In response to what he termed as "malicious propaganda" by certain elements, Telangana IT Minister D Sridhar Babu issued a strong statement to set the record straight regarding the state's investment climate. The Minister emphasized that the government remains unwavering in its commitment to secure and nurture investments in Telangana.

D Sridhar Babu reaffirmed that Kayne's Semicon, a prominent semiconductor company, is fully committed to its investment plans in Telangana. The Minister highlighted a recent statement from the CEO of Kayne's Semicon, who clarified that while the company recognizes the strategic importance of its location in Gujarat due to ongoing developments in the semiconductor sector, it remains dedicated to fulfilling its obligations in Telangana.

"The CEO of Kayne's Semicon has made it clear that the company is fully committed to the investments planned in Telangana. They will make full use of the land allocated to them at the Kongarkalan park," the Minister said.

He further assured the people of Telangana that the state government is proactively working to attract and secure investments. "From the very day our government was formed, we have been firmly on the job, ensuring that Telangana remains an attractive destination for investors," D Sridhar Babu stated.

The Minister's comments come in the wake of speculative reports suggesting a shift in focus by Kayne's Semicon away from Telangana. D Sridhar Babu condemned these reports as baseless and reiterated the government's dedication to driving economic growth and creating job opportunities for the people of Telangana.

He urged the public to dismiss any misleading information and trust in the government's ongoing efforts to bring in investments that will benefit the state.