HYDERABAD: Telangana struck gold by bagging Rs 21,000 crore financial investments, including some big-ticket investments, from the Davos World Economic Forum conference at a time when the worldwide economy is on the verge of recession.The state government stated: Our delegation achieved success in showcasing Telangana as an international financial investment location and entrance to India at the WEF.
Telangana structure likewise got the attention of top companies with representatives going to the stall.
Sharing his experience of the see, KTR, who led the delegation, stated WEF was the best platform to showcase Telangana as a progressive state.
All the meetings we had at the WEF were highly efficient and we had the ability to draw in Rs 21,000 crore financial investments at the satisfy, KTR said.Major investments consist of Microsofts 3 information centres in Hyderabad with a financial investment of Rs 16,000 crore and Bharti Airtels hyperscale information centre in Hyderabad at Rs 2,000 crore.
Eurofins, a worldwide leader in the pharma sector, will establish a cutting edge laboratory in Genome Valley at an investment of Rs 1,000 crore.
Global business such as PepsiCo, P&G, Allox, Appollo Tyres Ltd, WebPT and Inspire Brands came forward with financial investments worth Rs 2,000 crore.Hoping that these investments will produce more tasks, KTR stated: I think that all the new investments and meetings concerning prospective financial investments will yield favourable outcomes.
The huge draw of Davos see (fifth) by KTR was WEF stepping forward to establish its very first India centre in Hyderabad on healthcare and life sciences.
Presenting the development story of Telangana and pitching for investments, KTR took part in a number of conferences with leaders of top global organisations, attended round-tables, spoke at panel conversations and shared his thoughts on a large array of topics throughout his four-day trip.
In addition to this, the minister likewise interacted with Indian diaspora in Zurich and highlighted the progress of Telangana NRIs in Switzerland.
The Telangana structure presented information on the states location, investments it attracted in the last eight years and efforts of IT and market departments such as T-Hub and T-Works.
Videos of different federal government programmes, policies and tasks like Kaleshwaram dipped into the structure were a special tourist attraction.
The structure which was located in the 62nd building on Promenade road, the primary road of Davos, was abuzz with visitors.