Key Takeaways
- Telangana Government secures record-breaking investments worth Rs 1.32 lakh crore at the World Economic Forum (WEF) conference in Davos.
- The investments are expected to create approximately 46,000 jobs in the state.
- Telangana’s vision for Future City in Hyderabad, coupled with its Telangana Rising 2050 strategy, has captivated global investors.
Hyderabad/Davos: Telangana Government has achieved a historic milestone by securing investments worth Rs 1.32 lakh crore during the World Economic Forum (WEF)conference in Davos.
The state has seen a significant increase in investment inflow, with a record-breaking Rs 1.32 lakh crore inflow, more than tripling last year’s record of Rs 40,232 crore.
Led by Chief Minister A Revanth Reddy and IT & Industries Minister Sridhar Babu, the Telangana Rising delegation held successful meetings with industrial leaders, signing agreements with ten major companies across IT, AI, and energy sectors. These agreements are expected to create approximately 46,000 jobs in the state.
The state’s vision for Future City in Hyderabad, coupled with its Telangana Rising 2050 strategy, has captivated global investors.
Initiatives such as the Young India Skill University, the construction of the Regional Ring Road, and the expansion of the Metro have further solidified Telangana’s position as a prime investment destination.
The recently announced Clean and Green Policy and the state’s progressive industrial policies have also played a significant role in attracting investments. Global industrialists have recognized Hyderabad as a city with a favourable environment for growth across multiple sectors.
Chief Minister A Revanth Reddy expressed pride in the state’s achievement, emphasizing that the record-breaking investments highlight Telangana’s growing influence on the global stage.
IT Minister Sridhar Babu noted that the inflow of investments and job creation will further accelerate the state’s economic growth and development.
This unprecedented success underscores Telangana’s emergence as a powerhouse for innovation and a global destination for industrial investment, according to an official statement here on Thursday.
