Hyderabad: IT and industries minister D. Sridhar Babu on Tuesday said that the government has been moving ahead to elevate Hyderabad from a back-office power house of global capability centres (GCC) to the nerve centre of global value centres (GVC) to cement its position as a crucible of high-value innovation, deep-tech breakthroughs, and next-generation intellectual property creation.Taking part at 32nd HYSEA National Summit and Awards at HICC on Tuesday, Sridhar Babu said that elevating from GCCs to GVCs was not just an upgrade, but a tectonic shift as the IT hub was moving beyond service delivery to pioneering innovation.“Hyderabad is becoming the fulcrum of technology transformation. GVCs will make Telangana indispensable in the global value chain, spearheading the creation of disruptive IP, deep-tech research, and high-impact product development,” declared Sridhar Babu.Telangana’s ascent in the global technology sphere is nothing short of phenomenal, he said. With a 13 per cent annual growth rate, $32 billion in IT exports, and $5 billion in domestic IT output, Hyderabad has carved out its place as a dominant force in semiconductors, pharmaceuticals, and BFSI sectors.“This is just the tip of the iceberg. With an impressive $186 billion GDP, Telangana is setting its sights on adding $1 trillion to India’s economy in the next decade, accelerating its growth from 12 per cent to 18 per cent, and blazing a trail in AI, semiconductors, defense technology, and deep-tech innovation,” Sridhar Babu said.Hyderabad is already home to more than 1,500 global tech firms, 15 lakh IT professionals, and 3 lakh AI engineers, making it one of the top five global outsourcing destinations and the fastest-growing GCC hub. However, as the world moves away from cost-cutting and toward high-value R&D, strategic product innovation, and deep-tech supremacy, Telangana is stepping up to the plate and taking the lead, he said.
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