Sridhar Babu urges for priority to TG under ISM 2.0

Metro India News | BENGALURU

Minister for IT, Industries and Legislative Affairs D. Sridhar Babu has appealed to the Union government to accord priority status to Telangana under the India Semiconductor Mission (ISM) 2.0. He said that Hyderabad has already emerged as India's leading semiconductor chip design hub and the country's foremost destination for Global Capability Centres (GCCs), making Telangana the natural choice for the next phase of semiconductor manufacturing investments.

Addressing the "Rising Bharat Summit – South Edition" organized by a national television channel in Bengaluru on Sunday, the Minister highlighted Telangana's remarkable transformation into one of India's most attractive investment destinations. Minister Sridhar Babu mentioned that Hyderabad has become a preferred destination for GCCs owing to its world-class infrastructure, abundant pool of highly skilled talent, investor-friendly policies and exceptional ease of doing business. 

He noted that the State's rapidly expanding GCC ecosystem reflects Telangana's ability to host cutting-edge technology industries and advanced manufacturing enterprises. The Minister said Hyderabad is home to several of the world's leading semiconductor design companies and has developed the strongest semiconductor design ecosystem in the country. He observed that extending appropriate support to States that have already demonstrated technological excellence would significantly enhance the success of India's semiconductor mission. 

Giving Telangana due priority, he said, would accelerate India's ambition of becoming a global leader in semiconductor manufacturing. Highlighting Hyderabad's growing prominence as a global GCC destination, the Minister said the city has emerged as one of the fastest-growing GCC hubs in the world because of its highly favorable investment climate.