ENA Sectors 2024-11-07 16:09:33 <p><span style="font-size:14px"><strong>Hyderabad, Nov 7 (KNN)</strong> In a strategic move set to boost Telanganas growing automotive sector, the Telangana government has announced a partnership between its premier business incubator, T-Hub, and Japanese automotive components giant Denso.</span></p> <p><span style="font-size:14px">This collaboration aims to strengthen Telanganas ecosystem for automotive innovation, particularly benefiting startups working in advanced automotive and electric vehicle (EV) technologies.</span></p> <p><span style="font-size:14px">D. Sridhar Babu, Telanganas Minister for Information Technology, Electronics and Communication, Industry and Commerce, highlighted the significance of this partnership, emphasising Indias potential to become the worlds third-largest automotive market.</span></p> <p><span style="font-size:14px">Telangana is swiftly emerging as a key player in Indias automotive industry, backed by substantial investments and a robust, innovation-driven ecosystem, Babu said.</span></p> <p><span style="font-size:14px">He added that the state is already home to significant players in automotive design, semiconductor, and sensor engineering&mdash;sectors essential to the growth of the automotive industry.</span></p> <p><span style="font-size:14px">Major companies such as Mahindra and Mahindra, Bharat Forge, Exide, and Amara Raja Batteries have recently established advanced manufacturing facilities in Telangana, accelerating the regions transition into a hub for both traditional automotive components and next-generation EV technologies.</span></p> <p><span style="font-size:14px">The collaboration with Denso is expected to further solidify Telanganas position in the global automotive sector.</span></p> <p><span style="font-size:14px">T-Hubs Interim CEO, Sujit Jagirdar, echoed Babus sentiment, stating that the partnership is a testament to the states ability to attract and support global automotive leaders.</span></p> <p><span style="font-size:14px">This partnership highlights Telanganas capability to foster a competitive environment for automotive innovation, Jagirdar said.</span></p> <p><span style="font-size:14px">From Densos side, Yasuhiro Iida, CEO of Denso International India, expressed optimism about the collaboration, noting that Densos resources would play a crucial role in aiding the growth of Telanganas startups.</span></p> <p><span style="font-size:14px">Our support will include access to R&amp;D resources and technical expertise, empowering these startups to scale successfully, Iida said.</span></p> <p><span style="font-size:14px">This partnership between T-Hub and Denso underscores Telanganas commitment to driving Indias automotive ambitions, building an ecosystem that promotes both innovation and sustainable growth in the automotive industry.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39836 https://knnindia.co.in/news/newsdetails/sectors/telanganas-incubator-hub-partners-with-japanese-automotive-manufacturer-to-boost-innovation 2024-11-07 16:09:33 knnindia.co.in