After the emergence of Telangana, Hyderabad is developing rapidly in various sectors such as banking, finance and insurance and the reputable companies investing heavily in these sectors said IT and Industry Minister KTR.He said that 80 lakh people are employed in these three sectors.Minister KTR recently inaugurated the office set up by Goldman Sachs, a leading US financial services firm, in Rayadurg, Hyderabad.
Speaking on this occasion, he said, “It is a great thing that the renowned Goldman Sachs invested in Hyderabad.
He said that Goldman Sachs was one of the international companies that invested in Hyderabad during the difficult times of Covid.
Minister KTR said the different advantages that Hyderabad has is attracting global investments.
Also, he said that in addition to infrastructure, dynamic CM KCR-led stable government and competitiveness in growth have led to large investments in the state in recent years.He said several companies on the Fortune 500 list had invested in Hyderabad.
Goldman Sachs company representatives announced that it would employ 2,500 people in three years.KTR hailed Goldman Sachs’ goal of creating thousands of women entrepreneurs across the country in collaboration with ISB and IIM Bangalore.