Revanth to begin 8-day foreign tour for investments

Hyderabad:Chief Minister A. Revanth Reddy will embark on an eight-day foreign tour starting on Thursday, with stops in Singapore and Davos to attract investments to Telangana.

Accompanied by industries minister D. Sridhar Babu and senior officials from the industries department, the Chief Minister aims to strengthen the state's position as a global investment hub. He is scheduled to return to Hyderabad on January 24.

The Chief Minister, currently in Delhi, will depart for Singapore on Thursday night, arriving on Friday morning. He will spend three days, from January 17 to January 19, in Singapore, where he plans to engage in discussions with Skill University and other potential investors.

On January 20, Revanth Reddy will travel to Davos to participate in the prestigious annual meeting of the World Economic Forum (WEF). During his three-day stay from January 20 to January 23, he will hold talks with global business leaders, presenting Telangana as a prime destination for investments in manufacturing and services.

During a review meeting held on Monday last, Revanth Reddy highlighted Telangana's emergence as a premier investment destination in India. He credited the state’s investor-friendly policies and infrastructure for attracting global companies. He urged officials to leverage the international platform to showcase Hyderabad as the "Future City" and secure significant investments.

The Chief Minister reviewed the progress of projects initiated during his visit to the previous WEF summit in January 2024. Telangana government signed Memorandums of Understanding (MoUs) worth `40,232 crore with 14 leading global companies last year, resulting in 18 projects.

Officials informed that 17 projects have commenced operations, with 10 advancing rapidly and seven in initial stages. Revanth Reddy expressed satisfaction with the progress and stressed building on this success to secure more investments to Telangana.