With an aim to attract ₹1 lakh crore investments to Telangana from the World Economic Forum (WEF) annual conference in Davos, Chief Minister A. Revanth Reddy and his team left from New Delhi on Thursday night.
Their first halt would at Singapore for three days and later the team will move to Davos in Switzerland where the annual conference from January 20 to 22 attracts industry heads, investors and top businessmen from across the world.
The Chief Minister is confident that his team would be selling Telangana as the dream destination to the top investors and will touch ₹1 lakh crore figure. He will project the incentives being provided by the State government to the IT, AI, pharma, and manufacturing sectors and also the recently announced Clean and Green Energy Policy to sell Telangana as the destination.
Industry department officials said last year ₹40,000 crore investments were attracted of which ₹30,000 crore works have been grounded. Figures of the jobs created through these investments would come out once the grounded projects are completed, an official said.
Chief Minister Revanth Reddy achieved the highest figure of ₹40,000 crore in his first visit to Davos last year. During the BRS government the highest investment attracted was ₹20,000 crore in the year 2023, he said, arguing that this time they would break all the records.
The CM’s delegation consists of IT and Industries Minister D Sridhar Babu; Principal Secretary in the CMO, Seshadri; IT Secretary Jayesh Ranjan apart from officials Ajit Reddy and Vishnuvardhan Reddy will explore the business opportunities in Singapore during their three-day stay.
The team will visit the Singapore Institute of Technical Education and study the courses offered for skill development and they will be replicated in the Young India Skill University in Telangana. Chief Minister will also visit the riverfront in Singapore in view of the government’s prestigious Musi river revival project.
Published - January 16, 2025 11:55 pm IST
