World Economic Forum 2020 - Telangana Spotlights as the Best Investment Destination

World Economic Forum 2020 - Telangana Spotlights as Investment Destination

Telangana has left behind other developed states of the country in many areas. At the annual meeting of the World Economic Forum held in Davos from 21 to 24 January 2020 in the Swiss Alpine town, the state received a significant mention.  The annual meeting in Davos was attended by Minister KTR, with several top CEOs of IT and industry majors include Alphabet Inc. and Google CEO Sundar Pichai, Coca Cola CEO James Quincey, Salesforce Founder, and Chairman Marc Benioff and YouTube CEO Susan Wojcicki, to speak about the Fourth Industrial Revolution, Technology, Challenges, and Development Plans.

This is the second trip of Minister KTR to World Economic Forum Davos and has been concluded successfully.  During the business trip, Minister KTR met with several international leaders, including central ministers from different countries and top executives of global companies. In Davos, Telangana has created a massive spirit despite the presence of major states like Karnataka and Madhya Pradesh by gaining recognization among international business leaders. The goal of this visit was to present Telangana as an investment destination for multinational investors and thus create more jobs for young people.

How Telangana Spotlighted As An Investment Destination At The 2020 WEF Meeting?

The state has set an exclusive pavilion on the Davos Promenade to showcase Telangana's business opportunities. Telangana has been given a fresh boost in its attempts to draw investment in order to create more jobs at the 50th annual meeting of the World Economic Forum 2020. Minister KTR has attended not only over 50 bilateral meetings with global corporate leaders, but also five interactive meetings with business entrepreneurs and politicians. 

Many companies showed a strong interest in State investment. KTR appreciated the support extended by the Union government to the State administration in infrastructure development.  In his numerous meetings with top executives of MNCs, he promoted Telangana as a progressive state with strong and able leadership. He also discussed the available resources and how the state consistently ranked high in the business performance index. 

In the last five and a half years, he told them about the rapid development of Hyderabad. The Minister has also emphasized the cosmopolitan nature of the city and its Number One ranking in the Mercer Livability Index. In addition to promises of more investments, the state has bagged a Rs 500 crores contract with the Piramal Group. With the construction of new production blocks, warehouse expansions, and services expansion, the proposed investment is expected to increase production capacity. Minister KTR welcomed Piramal Pharma's decision to expand its operations in the State and assured the company that it will be supported by the government.

The Telangana government has concentrated on three factors, such as innovation, infrastructure, and inclusive development, which have continuously surmounted over the past five years and improved business quality. With the developing infrastructure, increased inflow of working professionals, along with the government-led initiatives towards the ease of doing business will help States emerge stronger and boom the Hyderabad real estate sector. 

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By: Shailaja K