Hyderabad, June 10 -- UAE-based firms Shaiva Group and Taranis Capital have announced a significant investment of Rs 2,125 crore in Telangana, with a commitment to create 5,020 jobs for the state's youth.

The announcement was made by Telangana's IT and industries minister, Sridhar Babu, at the Dr BR Ambedkar Telangana Secretariat on Tuesday, June 10.

The investment comes through a Memorandum of Understanding (MoUs) signed between the two UAE companies and five Telangana-based firms: Revelations Biotech, Manakin Bio, Svobodha Infinity Investment Advisors, Exigent Drilling Technology, and Yentra Tech Controls. These partnerships span diverse sectors, including biotechnology, drilling technology, and tech controls, with investments ranging...