Telangana’s strategic move to boost investments as Telangana CM Revanth Reddy Gears Up for WEF Summit in Davos from 15 Jan 2024. Discover the key players and objectives shaping the state’s economic narrative on the global stage.
An Elite Eight-Member Team to Boost Investments and Economic Prospects
In a bid to enhance Telangana’s global economic presence, Chief Minister A Revanth Reddy will lead an eight-member delegation to the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, from January 15 to January 18. The team, comprising top bureaucrats of the Telangana government, aims to engage in discussions with international businesses, fostering investment opportunities for the state.
The Delegation Lineup
- V Seshadri, IAS – Principal Secretary to Chief Minister
- Jayesh Ranjan, IAS – Principal Secretary to the Government, I&C Department
- B Ajith Reddy, IDES – Spl Secretary to Chief Minister
- E Vishnu Vardhan Reddy – Spl Secretary, Investment Promotion & External Engagements
- Karri Sriram – Media Relations
- Tafseer Iqubal – Chief Security Officer, CMO
- R S Udaya Simha – Support Staff to the Chief Minister
- Gummi Chakravarthy – Security Officer to the Chief Minister
Focus on Investment Discussions
During the four-day summit, the delegation plans to interact with representatives from global businesses, presenting Telangana as an attractive destination for investments. The discussions will revolve around facilitating foreign companies in setting up industrial units within the state. The team will elucidate the various concessions and facilities provided by the Telangana government to encourage foreign industries.
Building on Past Success
Referencing the success of the last WEF tour led by former IT Minister KT Rama Rao, where investments of approximately Rs 21000 crores were secured, Chief Minister Revanth Reddy aims to continue the momentum. The team will emphasize the state’s policies in IT, pharma, bio, aerospace, manufacturing, and service sectors, highlighting the government’s commitment to foreign investments.
Job Creation and Economic Boost
The Congress government, under Chief Minister Revanth Reddy, seeks to boost the state’s economy and create employment opportunities. By outlining policies and priorities for foreign investments, the team aims to contribute to job creation and economic growth in Telangana.
Ministerial Presence
Accompanying Chief Minister Revanth Reddy will be D Sridhar Babu, the Minister of Industries. The WEF summit attracts not only federal government officials but also chief ministers, ministers, and officials from various states.
Frequently Asked Questions
Q1: What is the primary objective of the Telangana delegation at the WEF summit?
A1: The delegation aims to engage with representatives of international businesses to attract investments to Telangana and facilitate the setup of industrial units within the state.
Q2: How successful was the last WEF tour led by KT Rama Rao?
A2: The tour led by KT Rama Rao secured investments worth approximately Rs 21000 crores, demonstrating significant success in attracting foreign capital.
Q3: Who will accompany Chief Minister Revanth Reddy to the WEF summit?
A3: Alongside the Chief Minister, the delegation includes top bureaucrats, security officers, media relations personnel, and the Minister of Industries, D Sridhar Babu.
In preparation for the summit, the Telangana government remains committed to fostering international collaborations, boosting economic growth, and creating employment opportunities.
