Revanth Reddy Halts T-Hub Office Shift, Secures Schneider Electric Investment

• Telangana CM Revanth Reddy cancelled a government order to shift offices to T-Hub, ensuring the facility remains dedicated to startups and technology enterprises.
• The decision aligns with the 'Telangana Rising' vision to foster unicorns and promote the state's tech ecosystem.
• During the World Economic Forum in Davos, the 'Telangana Rising' delegation secured a Rs. 623 crore investment from Schneider Electric India.
• Schneider Electric will expand its Gagillapur and Shamshabad facilities, boosting production of electrical safety products.
• Discussions also covered energy transition, grid modernization, and expanding smart-factory capacity for energy management and EV components in Telangana.

Why It Matters: CM Revanth Reddy prioritizes T-Hub for startups while securing significant investment for Telangana's industrial growth.