The Andhra Pradesh government is pulling out all stops to turn the state into a startup hub. After it had announced plans to set up India’s largest startup incubator in Hyderabad earlier this week, it has now announced that it plans to create five world-class incubators in the state. It would spend Rs. 750 crore on these incubators over the next 4 years.
Hyderbad is fast becoming a magnet for innovation and next-gen business. After global biggies such as Google, Amazon and Uber had annouced plans to set up large operations in the state, it is now the turn of Indian companies to come calling.
Tata Sons is setting up India’s largest incubation center, T-Hub in Hyderabad. The facility will be inaugurated on September 7th this month by Chairman Emeritus Ratan Tata.
Large tech companies can’t seem to get enough of Hyderabad. After Google and Amazon announced plans to set up their largest non-US campuses here, it’s now the turn of Uber to start calling Hyderabad its home. The company on Monday announced plans to invest $ 50 million to build a state-of-the-art office in the city.
Close on the heels of Google announcing that it would set up its 2nd largest campus worldwide in Hyderabad, Amazon today announced that it will set up its biggest non US campus in the city. The Telangana government has allotted 10 acres to the retail giant in Nanakramguda locality, and construction is expected to start soon.