Chief Minister Revanth Reddy Begins Eight-Day Foreign Tour to Attract Investments
Hyderabad: Chief Minister A. Revanth Reddy has set out on an eight-day international trip with the goal of attracting Rs 1 lakh crore in global investments. The focus is on sectors like IT, pharmaceuticals, green and clean energy, and new projects in the proposed Future City.
During the trip, the Chief Minister will present Telangana’s recently announced Clean and Green Energy Policy and the Future City project to global investors. Meetings are planned with major companies in Singapore and at the World Economic Forum (WEF) in Davos.
The official delegation, led by Revanth Reddy, will first spend three days in Singapore, starting Friday. While there, the Chief Minister will visit the Singapore Institute of Technical Education (ITE) to explore its skill development programs and policies. An agreement is expected to be signed with the institute to support the Telangana Young India Skill University.
The delegation will also visit Singapore’s riverfront to meet with local administrators and study riverfront development strategies. Insights from this visit will guide the implementation of the Musi Rejuvenation Project, which aims to incorporate advanced technology and modern facilities in Telangana.
On January 20, the Chief Minister will travel to Davos for the WEF meeting. There, he will promote Telangana as a top investment destination. Last year, the state secured Rs 40,000 crore in investments from the Davos summit. This year, the goal is to sign Memoranda of Understanding (MoUs) worth Rs 1 lakh crore with global companies.
The State IT and Industry Department has already received investment proposals from international firms ahead of the WEF meeting. Officials are hopeful that one-on-one discussions with company executives will lead to positive results. Key investment areas include IT, pharmaceuticals, solar and wind energy, manufacturing, and services.
Global corporations have expressed significant interest in Telangana’s Clean and Green Energy Policy, which focuses on renewable energy production. This is in addition to existing incentives for the IT, AI, pharmaceutical, and manufacturing sectors.
Major infrastructure projects, such as the Future City development in Hyderabad, elevated corridors in the Greater Hyderabad area, radial roads, metro expansion, and the Musi Rejuvenation Project, are also anticipated to catch the attention of investors. Officials are optimistic about the state’s potential to secure high-value investments through this tour.
