TS mulls consortium approach to garner IT investments
The Hindu
Conference, product expo, presentation of industry awards mark HYSEA event
A consortium approach involving sector-specific information technology companies that have operations in Hyderabad will be pursued by the State government to attract fresh IT investments, a senior official said on Thursday.
“We are looking at ten such consortiums,” IT Secretary Jayesh Ranjan said, citing BFSI, cybersecurity, SAS, animation and gaming services and AI/ML as some of the areas of interest. The idea is to create consortium based on verticals the companies are focused and through them attract investment from firms working in those areas.
Besides helping attract investment, the consortium would serve as a forum to discuss and address issues such as the need for specific courses in colleges to address the demand for talent in a particular area. It will be a unique approach and “we want to make a difference and be a role model for the country,” Mr.Ranjan told the Hyderabad Software Enterprises Association (HYSEA) annual innovation summit and awards function here on Thursday.