Telangana is rolling out a red carpet
welcome to the investors who evinced interest in coming to the state. On the
sidelines of World Economic Forum, IT & Industries Minister KT Rama Rao met
Anand Mahindra, Chairman of Mahindra Group and CP Gurnani CEO & MD, Tech
Mahindra in Davos.
Giving a major boost to the IT sector in
two-tier cities, Tech Mahindra will open a center in Warangal. Minister KT Rama
Rao, thanked Anand Mahindra and CP Gurnani for agreeing to set up a Tech
Mahindra’s Center in Warangal.
Telangana government has been making
efforts to promote Warangal as the next best destination in Telangana after
Hyderabad.
In order to generate employment
opportunities for educated youth in rural areas, Telangana government has
consistently been promoting Tier 2 cities. Earlier, the State government has
sanctioned Rs 25 crores to establish Information Technology (IT) Tower in
Karimnagar and also proposed to set up IT park in Khammam.
Recently, the state government has decided
to set up an Information Technology hub in Nizamabad district at a cost of ₹25
crores. A similar set up is also planned for Mahabubnagar too.
Minister and team also met Mr Richard
Ambrose, EVP, Lockheed Martin at Telangana Pavilion. Minister explained about
how Telangana is fast emerging as the Aerospace and Defense hub of India.
Minister said that Hyderabad based component manufacturers provided crucial
components to the ISRO Mars mission.
Minister asked Mr Richard Ambrose to evaluate
Hyderabad for setting up Lockheed Martin’s Space business facility.
Telangana delegation led by Minister KT
Rama Rao met Nikolina Angelkova, Minister of Tourism, Republic of Bulgaria, at
the CII-DIPP Pavilion in Davos. Both the sides discussed mutual cooperation in
innovation space through startup exchange programs and also promotion of
Tourism industry.
Minister KT Rama Rao also met Gautam Adani,
Chairman of Adani Group at WEF Congress Center in Davos. Discussions centered
around prospective investments in the state.
Later in the day, the Minister KT Rama Rao
met Kito de Boer, Managing Partner, The Abraaj Group, at Telangana Pavilion in
Davos. Abraaj group is a private equity fund, which has over 17 offices spread
across five regional hubs in Istanbul, Mexico City, Dubai, Nairobi, and
Singapore.
Minister KT Rama Rao met Susan Silbermann,
President of Pfizer Vaccines. During the meeting, Rama Rao informed that
Telangana is a global leader in Pharma & Healthcare sectors. Minister gave
an overview of Pharma City, Genome Valley & Medical Devices Park. Minister
explained about Telangana's leadership role in vaccine manufacturing sector and
invited the Pfizer group to consider Telangana for their operations.
In another meeting with N. Chandrasekharan,
Chairman of Tata group, Minister discussed the further growth opportunities in
Telangana.
Industries Minister Rama Rao met Henk de
Jong, EVP & Chief of International Markets, Philips and explained the
advantages Telangana state has for manufacturing medical devices and consumer
electronics. Minister invited Philips group to send their team to evaluate the
state for their investments.
Minister KT Rama Rao had a meeting with
Rongfang Yin, from Trina Solar which is the world's biggest solar panel maker.
Minister explained about the growing share of clean energy in Telangana &
how the state is an ideal location for solar panel manufacturing.
In a series of meetings at the CII-DIPP
Pavilion at World Economic Forum, Telangana business delegation led by IT &
Industries Minister KT Rama Rao met with a line of Business heads including
Rahul Bajaj, Chairman of Bajaj Group, and Pawan Munjal, CEO of Hero MotoCorp
Ltd.
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