A day after Telangana secured a Rs.500 crore investment from medical technologies company Medtronic, IT and industries minister D. Sridhar Babu on Thursday announced that homegrown company PSR IT Services, in partnership with its US-based collaborator MicroLink Networks, has committed to investing Rs.
500 crore in the electronics, IT, and allied sectors. The investment aims to bolster manufacturing of high data transmission products, including networking cables, IoT devices, IT components, electronic components, telecom equipment, data centre infrastructure, and security products within the state. MicroLink Networks, headquartered in Houston and founded in 1994, is considering expanding its manufacturing and production unit to Telangana.
The company is partnering with PSR IT Services, a unit of PSR Tech Hub, which holds exclusive manufacturing and distribution rights for all products under the ‘Make in India’ initiative. MicroLink Networks, which operates offices across the US and manufacturing facilities in the USA, UAE, Spain, and Vietnam, recently held high-level discussions with PSR IT Services and met with Telangana government officials. PSR IT Services has entered into an agreement to become MicroLink Networks' Indian partner, advancing their manufacturing plans in Telangana.
MicroLink Networks CEO Dr Denis Motava, Suman Vallapureddy (managing director of D&H Sahar and official representative for MicroLink Networks), PSR chairman and managing director Pulluri Sri Ran.
