The Tata Group is planning to set up a Tata AIG technology development centre in Hyderabad, besides extending support to the innovation fund of T-Hub, a startup incubation initiative by the Telangana government, through Tata Capital, according to state IT and panchayat raj minister KT Rama Rao.
The minister, who called on Tata Group chairman Cyrus Mistry and Reliance Group chief Mukesh Ambani in Mumbai on Monday with a sole mission to attract investments to Telangana, explained to them their industrial policy and the investment opportunities that the state offered across sectors.
"We discussed on various investment possibilities in sectors including IT, manufacturing and housing in the state. Mistry agreed to partner the state in its one lakh double bedrooms scheme for the poor, through Tata Housing," Rama Rao said in a statement on Monday.
Later in the day, the minister met Mukesh Ambani. "A vision without execution is an illusion," the minister quoted Ambani as saying, adding that Ambani had expressed his willingness to work with the Telangana government in various sectors, strategies for which were already in place.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.