Telangana IT and Industries Minister K T Rama Rao today announced that Hyderabad was going to witness another big investment, this time by noted mobile phone manufacturer Oppo.
Rao took to Twitter to make the announcement.
He said that the company would contribute to roping in big investments to the city by starting its 5G Innovation Lab, the first of its kind in the country, at its Hyderabad R&D centre.
KTR added that Oppo would be setting up three more labs to work on the cameras, the power, the battery life and the performance of its products.
The minister expressed his happiness at the company's decision to invest in Hyderabad, and added that this was proof of the fact that the city was fast becoming a favourite destination for big investors.
filed in:Telangana, K T Rama Rao, Foreign Direct Investment, Investments, Information Technology , Industry & Business