Friday, November 8, 2024

200-acre AI City to serve as hub for AI research: IT Min

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Minister for Industries and IT Duddilla Sridhar Babu said that Telangana is positioning itself as a leader in AI with the development of a 200-acre AI City near Hyderabad, which will serve as a hub for AI research and innovation. Partnerships with global tech giants like Microsoft and NVIDIA are set to train thousands of students, workers and government officials in AI, cybersecurity and digital skills.
At the AMCHAM India, Hyderabad Chapter signature event at Tech Space Telangana, he said that the State reaffirmed its ambition to be a global technology hub. In 2024, Telangana’s IT sector saw substantial growth, driven by its focus on emerging technologies, a robust startup ecosystem and cybersecurity advancements. The State saw a rise in artificial intelligence (AI), Internet of Things (IoT) and blockchain initiatives. AI, in particular, flourished with the support of T-Hub, the State’s innovation centre, while IoT found applications across agriculture, smart cities and manufacturing. Blockchain initiatives targeted sectors like supply chain and healthcare.
He said that cybersecurity has also became a top priority, with new startups addressing emerging threats, alongside government measures to enhance data protection and raise cybersecurity awareness. In parallel, the integration of technology into sectors like agriculture and healthcare advanced, improving productivity and public health services.
He said that key achievements for Telangana’s IT sector in 2024 include strong export growth, surpassing the national average and significant job creation, contributing to the State’s economic growth. Domestic and international investments also surged, bolstered by government initiatives like T-Hub, which supports startups and entrepreneurs.
Telangana’s continued collaboration with industry leaders could further cement its status as a technology powerhouse, with the potential to become India’s AI Capital. The State government is actively encouraging businesses to expand in Telangana, offering support and a favorable environment for innovation.

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