Telangana Chief Minister K Chandrashekhar Rao requested Professor Klaus Schwab, the Executive Chairman of World Economic Forum (WEF) to hold the next meeting at Hyderabad and Schwab responded to it positively.

Rao met Schwab this morning at the Annual Meeting of the New Champions at Dalian in China, the foremost global business gathering in Asia, which is known as the “Summer Davos.” They both had discussions for about 30 minutes and CM briefed him on various economic and social aspects of Telangana state, including significance of Hyderabad City in India.

Schwab praised Telangana as a state renowned for social and economic innovations. He said, “I enjoyed meeting the Chief Minister of a state renowned for social and economic innovations in India. We look forward to his participation at our Annual Meeting of New Champions in China.” Responding to Schwab CM said that “It was wonderful to meet Klaus Schwab and learn about the tremendous impact that the World Economic Forum has had. I am impressed by him and his team.”