Hyderabad to be Startup Capital | Hyderabad, Dec 10 (Maxim News); Telangana Chief Minister Revanth Reddy has commented that Google is one of the top startups in Hyderabad.
Revanth Reddy said that you are young, energetic… you usually want to realize your dreams. Today (Wednesday) the Google startup inauguration ceremony was held at Tea Hub.
CM Revanth Reddy participated as the chief guest and spoke at the event. He said that in 1998, two Stanford University friends started a startup in a garage in California with high aspirations.
Reddy reminded me that it has become the famous Google company of today. He explained that for the past two days, we have organized the Telangana Rising 2047 Global Summit to introduce the Telangana brand to the world with the aspiration for the future development of Telangana.
Hyderabad to be Startup Capital
CM said that we have unveiled our vision for the future of Telangana in the presence of national and international corporations.
He said that we have set a goal to make Telangana a 1 trillion dollar economy by 2034 and a 3 trillion dollar economy by 2047. He said that many startups started 20 years ago have grown into billion dollar companies today.
“There are many great examples like Google, Apple, Amazon, Tesla, Facebook. In the last 25 years, many startups in Hyderabad have grown into big companies in the software services, pharma, and life sciences sectors. If you ask what your plans are for Telangana Rising Vision startups… we compare startups to the game of football. I play that game.
Hyderabad | CM Revanth Reddy and Football
Football requires teamwork. You have to practice with perseverance. It is teamwork. But ultimately winning is very important. Startups should also be the same. From today, Hyderabad should focus on product-based startups, innovative startups, and IP-intensive startups,” CM Revanth Reddy directed.
“Hyderabad is not just a startup hub. We want those companies to grow into unicorn companies. We hope that at least 100 startups from Hyderabad will grow into unicorn companies. They should grow into companies worth at least $1 billion. By 2034, at least 10 of them should grow into super unicorn companies.
For this, we want to create a good ecosystem in the state. The Telangana government and Google are ready to provide you with the necessary support.
Our government will set up a startup fund with Rs. 1000 crore for startups. Utilize those funds. Through this, we want startups to grow into Google-level or $1 billion companies,” said CM Revanth Reddy. (Maxim News)
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