Revanth ropes in World Bank for Hyderabad development

Hyderabad: In one of the major landmark breakthroughs during the trip to the United States, Chief Minister A. Revanth Reddy and World Bank president Ajay Banga have decided to finalise a roadmap to work together on several important projects to make a highly-impactful outcome on the lives of over four crore people in Telangana.

Potential areas for partnership being discussed include initiatives on skills development, urban rejuvenation and reimagination, net-zero developments, citizens’ healthcare, diagnostics and electronic records, among others.

In the over an hour-long meeting, they decided to set up a cross-functional team to conceptualise viable projects in each of the areas in an accelerated mode. People, planet, sustainability, health, skills and jobs were the major themes of the discussions between the two visionary leaders.

The World Bank’s support would give a massive boost to Revanth Reddy’s signature projects like the Musi Riverfront project, Skill University, Future City, Citizen Healthcare and development of Hyderabad 4.0.

The World Bank president, who incidentally traces his roots to Hyderabad with schooling at Hyderabad Public School, expressed delight at the balanced vision of the Chief Minister for Telangana and Hyderabad. He highlighted how the bank has enjoyed success in generating positive outcomes in the region with several project initiatives earlier.

He also showcased great interest in backing the vision for the creation of a Net Zero city.

Revanth Reddy promised to ensure each project is followed up on a mission mode to ensure ambitious impact and outcomes but with highest transparency.

It is the first time Telangana has chosen to explore working with any of the Bretton Woods institutions. The Telangana team gave an overview of several other developments which impact the lives and livelihood of citizens, environment and sustainability in the state.

IT and industries minister D. Sridhar Babu, Chief Secretary A. Shanta Kumari, and other officials including Jayesh Ranjan, Ramakrishna Rao, V. Sheshadri, Vishnu Vardhan Reddy and Ajith Reddy attended. World Bank executive director Parameswaran (‘Param’) Iyer, who also attended the discussions, praised the Telangana government for its holistic, balanced, sustainable and impactful vision keeping state and people first.