Hyderabad: Chief Minister A Revanth Reddy is set to begin a foreign tour starting January 16 to attract global investors. The official delegation, led by the CM, will visit Singapore from January 16 to 19, followed by Davos from January 20 to 22.
In Singapore, the CM will engage with Skill University and explore investment-related agreements. The delegation will then participate in the World Economic Forum’s annual meeting in Davos. State IT and Industry Minister D Sridhar Babu, along with senior officials from the Industries department, will also be part of the team.
The CM expressed satisfaction with the investments Telangana secured in its first year. At last year’s World Economic Forum in Davos, the state attracted Rs 40,232 crore in investments by signing Memorandums of Understanding (MoUs) with global companies.
As a result of these efforts, 14 leading companies have committed to investing in Telangana, with agreements signed for 18 projects. Officials reported that 17 of these projects have already commenced, with 10 progressing rapidly and seven in their initial stages. The CM reviewed the progress of these investments with Minister Sridhar Babu.
Revanth Reddy emphasized that Telangana has become a top destination for global investments in manufacturing and service sectors. He credited the state’s investor-friendly environment for attracting major companies. The CM directed officials to actively promote Hyderabad as a “Future City” on the global stage to bring in even more investments.
The CM also expressed confidence in the state’s industrial policy, which he believes will continue to draw significant investments in the future. He highlighted that the welfare schemes and development programs introduced in the first year have played a key role in strengthening Telangana’s economy.
