UAE’s Shaiva and Taranis Capital to invest Rs 2,125 crore, sign MoUs with 5 Telangana firms

Hyderabad: In a significant boost to Telangana’s investment landscape, UAE-based companies, Shaiva Group and Taranis Capital, have agreed to invest Rs 2,125 crore in Hyderabad companies.

Speaking at the Dr BR Ambedkar Telangana Secretariat, minister for IT and Industries Duddilla Sridhar Babu announced that the two firms signed Memoranda of Understanding (MoUs) with five Telangana-based companies. This partnership is set to generate employment opportunities for 5,020 youth in the State.

Job opportunities

“This milestone reflects the unwavering commitment of the people’s government under the leadership of chief minister A Revanth Reddy to bring investments and generate employment for the youth of Telangana,” the minister remarked during the media briefing.

He further highlighted, “In the last 18 months alone, we have filled over 60,000 government jobs and attracted investments exceeding Rs 3 lakh crore. This has led to the creation of over one lakh private sector jobs for the youth. Today marks another giant step forward on this journey.”

Welcoming the collaboration, the minister said, “We warmly welcome Shaiva Group and Taranis Capital, two prominent UAE-based investors, who have chosen to become partners in Telangana’s journey of inclusive growth and development.”

Which are the Hyderabad companies?

The investment distribution is as follows: Rs 1,360 crore in Revelations Biotech, Rs 340 crore in Manakin Bio, Rs 80 crore in Svobodha Infinity Investment Advisors, Rs 90 crore in Exigent Drilling Technology Pvt. Ltd. and Rs 255 crore in Yentra Tech Controls.

“This is just the beginning,” the minister added. “Over the next three years, the two firms have expressed interest in investing an additional Rs 24,000 crore in key sectors such as biotech, AI, data centres, defence, energy, fintech and public infrastructure.”

In the biotech domain, these companies will focus on initiatives such as reducing sugar content in consumables, anti-diabetic innovations, food management products and major projects like ‘Fourth City’ and ‘AI City’ in the public sector. The minister expressed his heartfelt gratitude to the investors for placing their trust in Telangana and aligning with the vision of ‘Rising Telangana’.

Minister warns against misinformation

He also addressed misinformation campaigns: “Some detractors are falsely claiming that industries are leaving the State and no investments are coming in. I ask them—can’t you see the investments we are securing and the jobs we are creating? The people of Telangana must think critically about such propaganda.”

Highlighting the importance of skilling, the minister noted, “Our greatest asset is the talent of our youth. Yet, industry leaders often voice concerns that graduates lack job-ready skills. To bridge this gap, we have established the ‘Young India Skills University’ designed with international standards to prepare a ready-made, skilled workforce tailored to your industry needs.”

“Telangana is not just a State; it is a land of opportunities, a hub of innovation, creativity and global partnerships,” he concluded. “Under the visionary leadership of CM Revanth Reddy, we stand firmly by investors. We urge you to be part of this dynamic growth story.”