CM Revanth, Sridhar Babu to attend WEF in Davos; hard sell Telangana to investors

Hyderabad: Telangana Chief Minister A Revanth Reddy, his cabinet colleague D Sridhar Babu, and other senior officials are likely to visit Davos to attend the annual World Economic Forum (WEF) in January.

An official confirmation in this regard is yet to be made by the Telangana government.

Shortly after assuming charge In December 2023, Revanth Reddy participated in the WEF in January 2024.

Apart from Revanth Reddy, several central ministers, chief ministers Devender Fednivis (Maharashtra) and N Chandrababu Naidu (Andhra Pradesh) are also likely to participate in the WEF, the organizers said.

According to the officials, the chief minister’s visit to Davos is aimed at attracting investments from several industrialists in various sectors, including IT data centers, health, biotechnology, artificial intelligence, and renewable energy, apart from generating employment opportunities.

Recently, the state government submitted a proposal to the Center to set up a ‘Green Renewable Plant’ with a capacity of 20,000 megawatts by 2030. The officials estimate that around Rs 60,000 crore investments are required to achieve the target, the officials said and added that a detailed PowerPoint presentation is being readied by the officials to highlight the advantages of uninterrupted power supply and stable government to attract investments in Telangana.

In January, Telangana set a record for getting new investment deals signed – of Rs 40,232 crore during the WEF. This is nearly double the amount the state of Telangana could muster the previous year at Davos.

The investment concluded positively with Adani Group, JSW, Web Werks, Tata Technologies, BL Agro, Surgical Holdings, Godi Energy, Aragen Life Sciences, Innovera Pharmaceuticals, QCentrio, Systra, Uber, and o9 Solutions, having a new potential of creating over 2,500 jobs directly.