Focus on talent attraction puts Telangana in good stead
Hyderabad: Last week, US-based insurance player Mass Mutual announced that its workforce crossed 1,100 people. This is more than double from 500 people it wanted to have in Hyderabad. The company first made its Hyderabad plans public in January and was up and running in about two months. The company went from paperwork to pay […]
Hyderabad: Last week, US-based insurance player Mass Mutual announced that its workforce crossed 1,100 people. This is more than double from 500 people it wanted to have in Hyderabad. The company first made its Hyderabad plans public in January and was up and running in about two months.
The company went from paperwork to pay roll in about two months, summarised Ravi Tangirala, MassMutual India GCC Head. Thoroughly impressed with how the Telangana government machinery worked to make the landing simple, Tangirala announced himself as an ambassador of the State in the latter’s effort to bring new companies to Hyderabad.
Also earlier this month, France-based startup incubator Plug and Play too launched its Hyderabad office. Its intent to be in Hyderabad was announced in last week of October. It began operations in less than months.
In another instance, Germany-based Liteauto, which makes magnesium components for the automobile industry, has announced to invest Rs 1,500 crore in a manufacturing plant in Hyderabad. The unit is export oriented one and will cater to brands including the BMW. Company managing director J Balanand Jaladi said the company chose Telangana due to its industry friendly policies.
“Sending a corporate jet (for Kitex group) to get investments is no ordinary thinking… it is out of the box. This kind of approach by the Government has been taken notice by our German team and we wanted such aggressive and supportive government for our investment of up to Euro 200 (about Rs Rs 1,695 crore) in Telangana. The response from the Government was quick and we signed the MoU within ten days,” he said.
Behind these results are the efforts of IT Minister KT Rama Rao and several top officials in the back stage who are conversant with making a business pitch and then following it up to the dot.
“In our industrial policy, we have identified 14 verticals that are important and have scope for attracting new investments. These are high impact areas for us. For 11 out of these 14 segments, we have appointed directors from the open market. Some of them have been consultants, some of them have done courses in top management institutions,” said IT and Industries Principal Secretary Jayesh Ranjan.
“Government of India is also speaking about lateral entry into the Government service. Telangana has initiated this in 2015 to attract professionals with domain knowledge. This model of taking professionals, giving them autonomy and helping them build a team is a recognised best practice,” he said adding that close to 300 people working with Invest Telangana cell, which is driving the efforts to attract investments to the State. They all are from the open market. The impact these professional are creating is huge. They are building ecosystems, attracting new investments, building a skilled manpower and creating employment to name a few,” Ranjan said.
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