Revanth Clinches Two More Investment Deals for Telangana

Revanth Reddy, IT and industries minister D. Sridhar Babu and officials had detailed discussions with a high-level delegation led by Gaurav Suri, the CEO of Arcesium, and the senior team members. The company announced plans to expand its operations in Hyderabad.

The discussions focused on the expansion of Arcesium’s Hyderabad office, which was the company’s first overseas location outside of its headquarters. The Hyderabad centre plays a crucial role in supporting Arcesium’s global operations, particularly in areas of data management and data strategy initiatives.

As part of its expansions, the company will hire 500 high-end tech talent in Hyderabad in the next two years.

Swachh Bio announced that it would soon establish a 2.5 lakh litres per day second-generation, cellulosic biofuels plant in Telangana with an investment of nearly `1,000 crore. In the first phase, the company will provide employment to 250 people at the plant, and 250 people in additional support and other roles. Praveen Paripati, Chairperson, Swacch Bio, held discussions with the Telangana delegation.

In his remarks, the Arcesium CEO said, “The rich talent pool in Hyderabad and its strong infrastructure have made it an ideal location for our international operations. We are excited to deepen our commitment to the region by expanding our presence and leveraging local expertise to enhance our data solutions and services.”

The Chief Minister said, “We are thrilled that Arcesium is expanding its operations in Hyderabad. This expansion not only strengthens the company’s global capabilities but further reinforces Hyderabad’s position as a leading hub for technology and innovation in the BFSI space."

IT minister Sridhar Babu stated that Telangana government is committed to providing necessary support and infrastructure to ensure success for companies like Arcesium.

After signing the MoU, Swachh Bio chairperson Praveen Paripati said, “we were highly impressed with the vision of decentralised development of Telangana by the new government, led by Chief Minister Revanth Reddy. We are excited to partner with the state and be part of its development and transformation journey, as much as we are sure, it will help us grow tremendously in the coming years.”

The company also said that they plan to set up additional plants in Telangana in coming times and contribute to making the state a biofuels hub.

Later, Revanth Reddy participated with 20 high-ranking executives from different sectors at a roundtable hosted by the Consulate General of India in New York.

Highlighting Telangana's potential as a critical component in the "China Plus One" strategy, Revanth Reddy highlighted the state's strengths and future ambitions, positioning it as an ideal destination for American investments.

Sridhar Babu detailed the state's best-in-class industry policies and the development of Hyderabad as a powerhouse in software and pharmaceuticals.

"We are now a powerhouse in software, life sciences, and pharma, with a strong base in aerospace, defence, electronics, and other sectors," Revanth Reddy stated. He highlighted Telangana's infrastructure, talent pool, and government policies as key enablers for business growth, stressing the state's readiness to welcome foreign investment.

The Chief Minister discussed the development of "Future City," envisioned as India's first Net Zero Carbon city, set to become a hub for AI, medical tourism, sports, software, and pharma. "Telangana means business," he asserted, inviting global leaders to explore investment opportunities in the state.

The participating CEOs shared their experiences with investing in India and expressed optimism about Telangana's business landscape. They outlined their expectations and plans for future investments, with several major announcements anticipated following the successful roundtable.