Telangana now a top startup destination: IT secretary

HYDERABAD: Telangana IT & industries principal secretary Jayesh Ranjan on Saturday said that the state has emerged as a top destination for startups with around 400 startups currently operational in the state, thanks to a conducive ecosystem and proactive policies of the state government. Pointing out that the state government is giving the highest preference to availing the relevant services being offered by the state’s startups, Ranjan also urged Telangana Inc to give preference to local startups. Ranjan, who was speaking at a virtual session on ‘Startups: Telangana as a startup destination – Growth story’, also stressed the need to nurture innovation and entrepreneurship in rural areas to make the startup ecosystem more inclusive. Sriram Subramanya, chairman, CII SR Start-ups & Entrepreneurship Forum and founder, MD & CEO, Integra Software Services, said India has the third largest startup ecosystem in the world with about six startups being formed every single day. Pointing out that there has been a 16-fold increase in startups formed in last seven years, Subramanya said he is very optimistic about Telangana as it has one of the best startup ecosystems in the country. Gayam Motor Works CEO Raja Gayam elaborated on the support he received from the state government while he was an incubatee at T-Hub and also pointed out how he was able to connect with the Uber leadership during their visit to T-Hub and convert it into a business opportunity.

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