CM Revanth Reddy concludes Davos trip with Rs 40,232 crores investment deals

Hyderabad: Chief Minister A Revanth Reddy, leading a team comprising IT and Industries minister Dr D Sridhar Babu and officials, signed off on new investment deals worth Rs 40,232 crores during his three-day trip to Davos. This record amount is nearly double the amount the State of Telangana could muster last year at Davos.

The team met over 200 major business houses and leaders in three days and discussed avenues to develop the state along international standards.

Among the companies that the government held successful conclaves include Adani Group, JSW, Web Werks, Tata Technologies, BL Agro, Surgical Instruments Group Holdings, Godi Energy, Aragen Life Sciences, Innovera Pharmaceuticals, QCentrio, Systra, Uber and o9 Solutions, created a potential of creating over 2,500 jobs directly.

Highlighted Telangana’s contribution in farming, healthcare

At Davos, CM Revanth Reddy, during his two addresses at the CET forums as part of an exclusive World Economic Forum dialogue series with global leaders and thought leaders, stood up strongly for the small and marginal farmers and urged world leaders to urgently collaborate and the transform farming into a profitable activity.

CM Revanth also pitched Hyderabad as the city waiting to harness the convergence of healthcare and software to become the Medical Tourism capital of Asia and provide Western nations, including the USA and several European nations, a great destination and solution for rising healthcare costs.

CM also stressed making healthcare universal and affordable and shared his vision of using digital technologies to provide top-notch medical services to reach every remote corner and citizen of Telangana.

“It is a great delight for us that coming to Davos and meeting business leaders from all over the world we were able to convince them of our vision and get record investments for our state. Investments and growth have to go hand in hand for us to deliver development and welfare. Seeking investments will be a continuous endeavour for us. I welcome all these businesses to Hyderabad and Telangana,” said CM Revanth Reddy at the conclusion of the trip.