Telangana Secures Rs 1.82 Lakh Cr Investments at WEF

Addressing a press conference in Secretariat on Tuesday, Sridhar Babu said the Congress government was focussed on creating employment opportunities and fostering economic growth. “We are moving towards achieving the goal of a $1 trillion economy. Our aim is to transform Hyderabad into a global hub for technical skills and a brand synonymous with business,” he said.

Sridhar Babu said state government has signed an agreement with Singapore to facilitate technical expertise and student exchange programmes for skill upgradation. The Singapore-based company will invest ₹450 crore to establish a state-of-the-art skill development centre. Agreements were signed with UBS and Multivac Group of Switzerland to bolster investments and create job opportunities, he said.

"Discussions were held with Singapore companies to explore the revival of the Musi River and other developmental projects," Sridhar Babu said.

The minister announced that Telangana had signed MoUs with a potential of creating 49,500 jobs during the visits to Singapore and Davos. These agreements complement the 1,850 jobs promised through ₹4,500 crore investments secured during discussions with industry leaders in Zurich.

"This is a testament to Telangana’s position as a leading investment destination, driven by a stable government and proactive policies,” he added.

Referring to last year’s WEF summit, where Telangana secured ₹40,000 crore in investments, the minister noted that most of those projects were progressing smoothly. “Of the 18 projects from last year, 10 are under construction with 60 to 70 per cent completion, and seven are in early implementation stages,” he stated.

Referring to challenges faced by some ventures, including land-related issues with industry major Godrej, Sridhar Babu said, “Senior officials from the industry and revenue departments have been deputed to resolve these concerns, ensuring projects move forward without delays,” he said.

The minister urged opposition parties, particularly the BRS, to refrain from creating hurdles in the state’s development. “The Congress, while in opposition, always supported investment proposals for the benefit of the people. It is crucial for all parties to work together for the greater good,” he remarked.