Global sports streaming major DAZN to set up product development centre in Hyderabad

This investment would create 1000 jobs in Telangana.

Hyderabad: A day after banking finance sector major London Stock Exchange Group announced its Technology Centre of Excellence in Hyderabad, DAZN, a global leader in sports live streaming, has announced a Product Development Centre in the city.

This investment would create 1000 jobs in Telangana.

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The announcement was made after Industries Minister KT Rama Rao‘s meeting with DAZN Group’s Chief Technology Officer, Sandeep Tiku, Board Member, EVP, Communications, Daisy Wells in London.

DAZN, an international over-the-top sports streaming service with presence in over 200 countries and 60 Million registered users, streams live and on-demand sports content including major events like UEFA Champions League, Europa League, Serie A, La Liga, English Premier League, NFL, NBA, and IPL in other countries.

The investment by DAZN is a testimony to Telangana’s rising presence in innovation, media, and entertainment.

Two more companies announce their plans

On the second day of the UK tour, the Telangana delegation led by Industries Minister KT Rama Rao attracted more investments into the State.

Croda International Plc, a leading specialty chemicals manufacturer, announced establishment of a state-of-the-art Global Technical Centre (GTC) at Genome Valley, Hyderabad. This announcement was made after Industries Minister KT Rama Rao met Croda International Plc president (Life Sciences) Daniele Piergentili in London.

The GTC is a significant step towards establishing Croda’s presence in Telangana, a critical hub supporting India’s position as the ‘Pharmacy of the World’.

Established in 1925, Croda is known for sustainable, high-performance ingredients and technologies in some of the world’s most successful brands related to personal care, homecare, pharma, crop care, Industrial specialties including coatings and textiles.

Greenjets identifies Telangana for its operations in India

Greenjets, a UK-based aerospace company, has identified Telangana as its location to enter the Indian drone market. To this effect, the company signed a MoU with the National Centre of Additive Manufacturing to be incubated in 2023.

The company plans to expand its R&D and manufacturing footprint in 2024 and collaborate with a Hyderabad-based motor manufacturer under the ‘India-UK Collaborative R&D for industrial sustainability’ funding programme.

Greenjets develops electric jet engines for sustainable aviation. The company has secured over five million dollar investment and grants and has a team with deep domain knowledge from Rolls-Royce, BAE Systems, and Formula 1.

Greenjets delegation led by its Founder and CEO Anmol Manohar met with Industries Minister KT Rama Rao in London. During the meeting, the delegation apprised the Minister of the establishment of Greenjets’ Indian operations in Telangana. The Minister assured all support from the State government for the company’s plans.