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NRIPage | Articles | Telangana Secures Rs 1.8 Lakh Crore Investments at WEF, CM Revanth Reddy Announces | Get Business News. Grow and Thrive in the Modern Market around the world - NRI Page
Telangana Chief Minister A. Revanth Reddy proudly announced that the state has secured approximately Rs 1.8 lakh crore in investments during his recent visit to the World Economic Forum (WEF) annual meeting in Davos, Switzerland. This marks a significant milestone for the state, with the Chief Minister emphasizing the importance of these investments in bolstering Telangana's economic growth.
Taking a dig at the opposition Bharat Rashtra Samithi (BRS), Reddy refuted their claims that the government lacked the ability to attract global investments. He pointed out that several major international companies chose to invest in the state due to the government's proactive policies and strategic planning.
Reddy highlighted that these investments would play a crucial role in generating employment opportunities for the state's youth. The government is working on streamlining administrative approvals, land allocations, and other key steps to ensure the successful implementation of these investment proposals.
The TelanganaRising delegation, led by Revanth Reddy, signed 20 Memoranda of Understanding (MoUs) at the WEF summit, securing investments for projects such as data centres and pumped storage facilities. These investments are expected to bring long-term benefits to the state, improving infrastructure and employment prospects.
The Chief Minister’s announcement underscores the growing potential of Telangana as an investment hub, with both local and international companies recognizing the state's favorable business environment.
