Telangana’s Policies Attract Global Investments, Says CM Revanth Reddy
Telangana Chief Minister Revanth Reddy credited the state’s clear policies and strong planning for attracting investments from leading global companies. He expressed gratitude to these businesses for trusting the government, highlighting that their investments have created opportunities for job growth and business expansion, particularly benefiting the youth.
Speaking to the media at Dr. B.R. Ambedkar Secretariat, the Chief Minister discussed key agreements finalized during the World Economic Forum in Davos and recent talks with Singapore. He was joined by IT and Industries Minister Duddilla Sridhar Babu and other ministers, including Tummala Nageswara Rao, Jupally Krishna Rao, Ponguleti Srinivasa Reddy, and Dhanasari Seethakka.
Revanth Reddy explained that Telangana’s energy policy, especially its Open Access model, has played a crucial role in attracting investments. He revealed that companies have pledged over ₹1 lakh crore for data center projects alone. The Chief Minister also noted that simplified approval processes and strategic land allocations have helped the state secure investments worth ₹1.8 lakh crore in just 13 months.
Despite criticism from detractors, the Chief Minister emphasized that investor confidence in Telangana remains strong. He pointed out that global companies like Amazon, Sun Petrochemicals, Infosys, Wipro, and HCL have signed agreements with the state, further solidifying its position as an attractive investment destination.
Revanth Reddy assured that the government is committed to providing quick approvals and administrative support to ensure the smooth implementation of these projects. He emphasized that these investments are expected to generate significant employment opportunities for the people of Telangana.
The Chief Minister also shared the government’s broader vision of transforming Telangana into a $1 trillion economy. Agreements with the Singapore government on skill development aim to enhance technical expertise among the state’s youth, preparing them for future opportunities.
In conclusion, Revanth Reddy urged critics to examine the state’s investment agreements and contribute to constructive dialogue. He thanked the media for spreading awareness about these positive developments and reaffirmed the government’s dedication to Telangana’s growth and prosperity.
