Revanth exhorts officials to highlight at WEF the investor-friendly atmosphere in Telangana

Chief Minister Revanth Reddy reviews investments in Telangana ahead of World Economic Forum visit to Davos and Singapore.

Ahead of his visit to the World Economic Forum (WEF) in Davos, Switzerland and also to Singapore next week, Chief Minister A. Revanth Reddy reviewed the progress of the investments so far and expressed satisfaction when officials informed that ₹40,232 crore investments were made in the State.

Agreements were signed with 14 top companies relating to 18 projects, of which works on 17 projects had already commenced. Of these, works on 10 projects gathered pace over the past year while another seven were in the starting stages, the Chief Minister was informed by the officials.

Mr. Reddy is scheduled to visit Singapore from January 16 to 19 and fly to Davos to participate in the World Economic Forum meeting from January 20 to 22. An official delegation headed by Industries Minister D. Sridhar Babu will accompany the Chief Minister and hold discussions relating to investments in the proposed Skill University and agreements relating to other investments. Officials explained the Chief Minister about the programmes lined up during the six-day visit.

Mr. Revanth Reddy exhorted the officials of the Industries and Information Technology departments to gear up to present the investor-friendly atmosphere in Telangana to the global community during the World Economic Forum meeting. Telangana is already being seen as an investment destination in the country, as a congenial atmosphere has been created for the global majors to invest in the State. Officials should accordingly take steps to explain the advantages in Hyderabad along with the proposed Future City at the global forum, he said.

He exuded confidence that the industrial policy put in place by the Congress government would attract global attention as the policies of the government in the past year ensured that the State’s economy emerged stronger. During his visit to Davos, the Chief Minister is expecting huge investments as Hyderabad was emerging as the business destination in the country.