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IT & Industries minister D Sridhar Babu, US Consul General, Jennifer Larson, Rashmi Kumar, SVP and CIO Global, Medtronic, Mr. Divya Prakash Joshi, Vice President & Site Leader of MEIC, Mr. Shakthi M Nagappan, Director of Life Sciences and Pharma, Government of Telangana and Mr. Jayesh Ranjan Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments, Govt. Of Telangana, light the ceremonial lamp at the inauguration of Medtronic's new Global IT (GIT) Centre at the Medtronic Engineering & Innovation Centre (MEIC) in Hyderabad on Wednesday
Credit: Special Arrangement.
Hyderabad: Telangana's IT and industries minister, D Sridhar Babu said that the government is working to make Telangana the number one state in software exports in the country. He said that they are aiming for 25 per cent growth in software exports and to surpass Bengaluru within three years.
Speaking at the launch of the website on the AI summit being planned on September 5 and 6, Sridhar Babu said that currently Hyderabad is in second place after Bengaluru in software exports, but they plan to surpass Karnataka's capital city in the next three years.
He said in 2023–24, Hyderabad registered Rs 2.7 lakh crore worth of IT exports, witnessing around 11 per cent growth.
He also talked about the 'Artificial Intelligence City', which he said will make Hyderabad a major hub for AI in the country and the world. He mentioned that they are setting up a Young India Skills University to train coding engineers in new technologies and provide them with job opportunities.
He also added that the government is in talks with industry giants to bring huge investments to the state during Chief Minister A Revanth Reddy's US tour.
In the 2022–23 financial year, Telangana’s IT exports totalled Rs 2,41,275 crore. The minister stated that the AI summit aims to utilize AI solutions across various sectors. It will feature demonstrations, expert talks, seminars, etc.