HYDERABAD: Chief Minister A. Revanth Reddy will lead a high-level delegation to the annual meeting of the World Economic Forum (WEF), to be held in Davos from January 15 to 19 to attract investments, according to official sources.
This will be the first visit of a Telangana state Chief Minister to the WEF as Reddy’s predecessor K. Chandrashekar Rao never attended the event and deputed industries minister K.T. Rama Rao in his place.
Industries and IT minister D. Sridhar Babu and principal secretary Jayesh Ranjan will be a part of Reddy’s delegation.
The Congress government has decided to give priority to the growth of manufacturing and service sectors.
Towards this, Revanth Reddy and Sridhar Babu have been holding review meetings in the last three weeks to chalk out a strategy to attract more investments in IT, ITeS, electronics and pharmaceutical sectors.
The Chief Minister had recently met representatives of Foxconn, who proposed to expand their operations in the state. Reddy assured the state government's complete support for the growth of industrial sector and job creation.
The TS delegation will in Davos hold meetings with CEOs and heads of global companies and seek investments into Telangana. The state government is also working on various options, including putting up a pavilion in the host city, to showcase TS as the best investment destination.
Meanwhile, the government is planning to hold the Global Investors Summit in Hyderabad in 2024 to promote Telangana as an ideal investment destination for companies and industries across the globe.
The previous Congress government in the undivided Andhra Pradesh headed by then Chief Minister N. Kiran Kumar Reddy had hosted the Global Partnership Summit in Hyderabad in 2012. It was planned as an annual event then but due to political uncertainty in the state due to the statehood agitation, the event was put off in 2013.
Post-bifurcation, and since coming to power, the BRS government virtually shelved investors' summits.
