During his visit to the United States, Telangana Chief Minister Revanth Reddy secured a significant boost for Hyderabad’s tech industry. Arcesium, a leading financial technology and professional services firm, announced plans to expand its facility in Hyderabad.

The announcement came as a result of discussions held between CM Revanth Reddy and senior executives at Arcesium. The expansion of Arcesium’s Hyderabad facility is expected to enhance the city’s status as a burgeoning tech hub and create numerous job opportunities for local talent.

CM Revanth Reddy’s visit to the US aimed to attract investment and forge partnerships that would benefit Telangana’s economic and technological landscape. The successful negotiation with Arcesium highlights the state government’s proactive efforts to foster a conducive environment for international businesses.

Arcesium’s expansion plan includes increasing its operational capacity and workforce in Hyderabad. This move will not only strengthen Arcesium’s presence in India but also contribute to the growth of the local economy by generating high-skilled jobs and encouraging technological innovation.

The Chief Minister expressed his satisfaction with the outcome of his US visit, emphasizing that such investments are crucial for the state’s development. He reiterated his commitment to supporting businesses and ensuring that Telangana remains an attractive destination for global companies.

The expansion of Arcesium’s Hyderabad facility is a testament to the city’s potential as a leading tech destination and reflects the successful efforts of the Telangana government in promoting investment and economic growth.