WEF jackpot: TS attracts Rs 40,232 crore investments in Davos

It is almost double the Rs 21,000 crore worth MoUs signed last year

Hyderabad: Telangana State has attracted Rs 40,232 crore investments across various sectors during the annual meeting of World Economic Forum WEF) in Davos, according to a media statement released by the Chief Minister's Office (CMO) here on Friday.

This is nearly double the amount the State could muster at Davos last year, when it signed MoUs worth nearly Rs 21,000 crore.

Chief Minister A. Revanth Reddy, leading a team comprising IT and industries minister D. Sridhar Babu and officials, harnessed the three-day trip to Davos from January 16 to 18, during which Telangana set a record in striking new investments signed to the tune of Rs 40,232 crore.

The investments concluded positively with Adani Group, JSW, Web Werks, Tata Technologies, BL Agro, Surgical Instruments Group Holdings, Godi
Energy, Aragen Life Sciences, Innovera Pharmaceuticals, QCentrio, Systra, Uber and o9 Solutions, which together have the potential to create over 2,500 jobs directly.

During his two addresses at the CET forums as part of an exclusive WEF dialogue series with global leaders and thought leaders, Reddy stood up strongly for small and marginal farmers, and urged world leaders to urgently collaborate and help transform farming into a profitable activity.

In another watermark address, he pitched Hyderabad as the city waiting to harness the convergence of healthcare and software to emerge as the medical tourism capital of Asia, and provide western nations, including the USA, a great destination and a viable solution for rising healthcare costs. Reddy also stressed on making healthcare universal and affordable, and shared his vision of using digital technologies to take top-notch medical services to reach every remote corner and citizen of the state.

The global business leaders, including all major Indian entrepreneurs, who met and discussed investment opportunities with the Chief Minister, unequivocally endorsed the new Telangana government’s business vision.

“It is a delight that on coming to Davos and meeting business leaders from all over the world, we were able to convince them of our vision and get record investments for our state. Investments and growth have to go hand in hand for us to deliver development and welfare. Seeking investments will be a continuous endeavour for us. I welcome all these businesses to Hyderabad and Telangana,” said Revanth Reddy at the conclusion of the trip.

( Source : Deccan Chronicle )
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