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IT Minister Sridhar Babu expresses satisfaction

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Telangana IT and Industries Minister D Sridhar Babu expressed satisfaction over the US and South Korea visit, saying that they have introduced a new Telangana to the investors.

Speaking to media after concluding the 12-day foreign visit, D Sridhar Babu said that investors have shown great interest in investing in Hyderabad, as the city presents robust growth opportunities and a vibrant ecosystem.

“We have introduced a new Telangana to America. We have found very encouraging repsonse from the investors, tech CEOs and senior executives, as they are seeing India as the country where growth lies next. Within India, Hyderabad is considered a favoured destination due to its thriving ecosystem and infrastructure,” said IT and Industries Minister Sridhar Babu.

“Attracting investors and promoting growth opportunities in Telangana is a continuous process. CM Revanth Reddy personally led the delegation to instill confidence among investors about setting up companies and industries in Telangana. We have assured all the required support for the investors choosing Telangana,” further explained Sridhar Babu.

Also Read : Danam Nagender Accusations Against Revanth Reddy

According to the inputs from CMO, Telangana delegation’s foreign visit was able to attract investments of about Rs 31,532 Cr from US alone. Reputed organisations like Cognizant, Charles Schwab, Zoetis, Corning, Aurum Equity Partners have committed to invest in Telangana.

IT Minister Sridhar Babu signed off trashing BRS claims that Revanth Reddy’s foreign visit is a flop.

“This is not a game to judge as a flop or hit. BRS leaders should behave responsibly. We have succeeded in attracting considerable investments and pitching Telangana as the preferred destination for global investors. Already BRS has flopped twice in Assembly and Loskabha elections. If they continue their irresponsible behaviour, they will flop even in the future,” signed off IT and Industries Minister Sridhar Babu.

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Revanth Reddy Secures Rs 31,500 Cr Investments From USA, Heads to South Korea

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Telangana Chief Minister Revanth Reddy and his delegation have successfully concluded their business tour of the United States, securing investment commitments worth Rs 31,500 crore for the state. These investments are expected to generate approximately 30,000 new jobs. Reddy was accompanied by IT and Industries Minister D. Sridhar Babu and other officials.

During the trip, the delegation participated in over 50 business meetings and roundtable discussions across the USA, culminating in the signing of 19 Memorandums of Understanding (MoUs) for investments. Notable meetings were held with representatives from Apple, Google, and Stanford University.

The secured investments aim to develop and expand various sectors, including:
– Information Technology (IT)
– Global Capability Centers (GCC)
– Life Sciences and Pharmaceuticals
– Data Centers
– Artificial Intelligence (AI)
– Cloud Computing
– Electric Vehicles and Batteries
– Green Energy
– Fast-Moving Consumer Goods (FMCG)
– Manufacturing

The delegation also garnered significant interest in the Foundation of Future City project and the Rejuvenation of Musi River initiative.

Major investment announcements came from:
– Charles Schwab
– America’s leading financial sector corporations in GCC
– TriNet
– Cognizant (expansion)
– Arcesium
– Various American pharmaceutical companies
– Aurum Equity (AI-powered green data center)
– Monarch Tractors (manufacturing sector)
– Amazon (data center)

Having concluded his USA tour, Revanth Reddy has now departed for South Korea to attract further investments, particularly in the electronics and automobile industries, to benefit Telangana.

-Sanyogita

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