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Telangana attracted Rs 21,000 cr investment during Davos meet


Telangana attracted investments worth Rs 21,000 crore during the World Economic Forum (WEF) annual meeting at Davos where the state delegation was headed by state minister for information technology and industries, K.T. Rama Rao.

This was the fifth visit of Minister KTR to Davos, and like in the past his efforts to bring investments to the state have yielded fruitful results, claimed the government.

Presenting the growth story of Telangana and pitching for investments, KTR has participated in meetings with leaders of top global organisations, attended round tables and spoken at panel discussions and shared his thoughts on a wide array of subjects in the four-day trip. In addition to this, the minister also interacted with the Indian diaspora in Zurich and highlighted the progress of Telangana to the NRIs in Switzerland.

At a juncture where the global economy is on the brink of recession, Telangana managed to bag some big-ticket investments. The Telangana delegation was successful in showcasing the state as a global investment destination and gateway to India.

The Telangana pavilion grabbed the attention of many top companies with representatives of several global organisations visiting the stall.

Telangana pavilion presented information regarding Telangana’s geography, investments it attracted in the last eight years and initiatives of IT and Industry departments such as T-Hub and T-Works. Videos of various government programmes, policies and projects like Kaleshwaram played at the pavilion were a special attraction.

Sharing his experience of the visit, Minister KTR observed that the WEF is the right platform to introduce Telangana, a progressive state which has exceptional industrial policies and infrastructure and said that Telangana is strengthening its ties with companies on the WEF platform.

“All the meetings at the WEF were highly productive and we were able to attract Rs 21,000 crore at the meet,” said KTR.

He said that bringing huge investments to the state and thereby creating employment is the driving force. “I believe that all the new investments and meetings regarding prospective investments will yield favourable outcomes,” added KTR.

The big draw of this edition of Davos trip was the WEF coming forward to establish its first Indian centre in Hyderabad. This thematic centre will focus on life sciences and health care. This announcement further consolidates the city’s position as the hub for life sciences and pharmaceuticals.

Microsoft announced to set up three more data centres in Hyderabad with an investment of Rs 16,000 crore. Bharti Airtel Group said it would set up a large Hyperscale Data Centre in Hyderabad with Rs 2,000 crore.

Eurofins, a global leader in the pharma sector, announced the establishment of a state-of-the-art laboratory campus in Genome Valley with an outlay of Rs 1,000 crore. Other global companies such as PepsiCo, P&G, Allox, Apollo Tyres Ltd, WebPT, and Inspire Brands came forward with investments worth Rs 2,000 crore.

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Why AP has no representation at Davos summit, asks Bonda


TDP politburo member and former MLA, Bonda Umamaheswara Rao, on Tuesday demanded that Chief Minister, Jagan Mohan Reddy, answer as to why Andhra Pradesh has no representation in the globally renowned Davos summit, being organised by the World Economic Forum.

Umamaheswara Rao told media persons at the party headquarters here that Jagan has understood that no investor would prefer AP with the ongoing destructive politics with which the ruling dispensation is looting the State. “This is the reason why Jagan did not take part in the investors summit at Davos,” Bonda Uma said.

Observing that AP was the centre of attraction for the investors during the Chandrababu Naidu regime, the TDP politburo member said that TDP supremo, Chandrababu Naidu, made every effort to attract investors to the State utilising every opportunity.

But, after Jagan Reddy came to power in 2019 the situation is totally different, he said, adding that the YSRCP Government cancelled the MoUs worth over Rs 16 lakh cr which were entered into during the Chandrababu regime.

The arrogance of Jagan forced the investors to rethink on setting up their units in the State as a result of which not even a single industry was established in AP in the past four years, Bonda Uma maintained.

He asked whether Jagan has any reply for the statement made once by his own Cabinet Minister, the late Mekapati Gowtham Reddy, that Rs 5.17 lakh cr investments were made in the State during the TDP rule and employment was created for over five lakh youth.

“This is a written statement made on July 10, 2019 by the then Minister for Industries on the floor of the Legislative Council,” he pointed out.

When Minister for IT, KT Rama Rao, from the neighbouring Telangana State is attracting huge amounts of investments for his State while Jagan Mohan Reddy is filled with joy by indulging in record-dances and other betting, Uma observed.

“Jagan has no vision to attract investments and create employment to the youth and thus he is remaining silent though the International Investors Summit began at Davos on Monday,” he stated.

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KTR woos investors at WEF


Participating in the World Economic Forum (WEF) for the first time, India’s youngest state Telangana is trying to woo investors.

The delegation led by Minister for Information Technology, Industries and Municipal Administration K.T. Rama Rao called on top executives of various companies and business leaders in Davos.

At the state pavilion at WEF, the delegation met the investors and briefed them of the enormous opportunities Hyderabad and other parts of the state offer.

The minister met Petra Laux, Head Global and Public Affairs, Novartis. Rao tweeted that expansion of Novartis in Hyderabad was among the issues discussed.

He also explained the progress of Hyderabad Pharma City, a state-of-the-art facility coming up with a university and research centre.

KTR, as the minister is popularly known, also met delegation from Mitsubishi Heavy Industries led by Ken Kawai, Executive Vice President

He also called on Aloke Lohia, founder and group CEO, Indorama Ventures PCL, the world’s largest polyester company by capacity.

During the meeting, the minister explained about the Telangana’s progressive industrial policies and also the existing textiles ecosystem in the state.

He invited Aloke Lohia to explore investment opportunities in Kakatiya Mega Textiles Park coming up in Warangal.

With AirAsia Berhad’s CEO Anthony Fernandes and Deputy CEO Aireen Omar, KTR discussed the prospects of setting up AirAsia’s Tech Center and running innovation programmes to support startups in the aerospace sector.

KTR, who is Chief Minister K. Chandrasekhar Rao’s son, tweeted that he also had a brief but scintillating meeting with Chairman of RIL, Mukesh Ambani.

Earlier, the minister also met Andhra Pradesh Chief Minister N. Chandrababu Naidu and his son and cabinet minister Nara Lokesh.

KTR is scheduled to speak at a few sessions at WEF. He will participate in the discussion titled ‘Leveraging digital to deliver value to society’ on January 25. He will also participate in the roundtable on “Promoting design in India” organised by Department of Industrial Policy and Promotion.

The next day, he will speak at the session titled ‘Global Tech, Local Solutions: Artificial Intelligence.’

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.



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