Telangana Chief Minister Revanth Reddy says the state should focus on creating unicorns and founders rather than celebrating Indians leading global companies.
Hyderabad: Telangana Chief Minister Revanth Reddy has called for a shift from celebrating Indian-origin executives leading global corporations to building homegrown companies, saying the state should aim to produce unicorns and business founders.
Telangana should build companies, not just CEOs
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Speaking at the Young India Education Kits and Drug-Free Telangana Pledge ceremony in Hyderabad, A Revanth Reddy said Telangana should aspire to create globally successful companies rather than being satisfied with professionals occupying top positions in international organisations.
Referring to distinguished alumni of Hyderabad Public School, he noted that many Indians have risen to leadership roles in major institutions but argued that entrepreneurship and ownership should be the next goal.
Reference to Nadella, Narayen and Banga
Reddy cited Satya Nadella, Shantanu Narayen and Ajay Banga as examples of successful Indian-origin leaders.
He said that while these figures are a source of pride, they are not founders or owners of the organisations they lead. According to him, Telangana should now focus on nurturing entrepreneurs capable of creating globally competitive companies and unicorn startups.
The chief minister said state IT and Industries Minister D Sridhar Babu has entered into agreements with major technology companies, including Google, to support student research through significant funding initiatives.
He stressed that innovation, research and entrepreneurship would be key to achieving Telangana's long-term economic ambitions.
Education receives major budget allocation
Highlighting the government's priorities, Reddy said Telangana has allocated 8.5 per cent of its total budget to education.
Responding to criticism about the absence of a dedicated education minister, he said he has retained the portfolio himself in order to drive reforms in the state's education system.
Vision for a $3 trillion economy
Reddy reiterated the state's goal of becoming a $3 trillion economy by 2047, aligning Telangana's ambitions with India's broader Viksit Bharat 2047 vision.
He said investments in education, research, technology and entrepreneurship would play a central role in transforming Telangana into a major global economic hub over the next two decades.
Published: 20 Jun 2026, 09:15 am IST
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