Hyderabad, Aug.14 (NSS): Chief Minister A Revanth Reddy returned to Hyderabad on Wednesday after the successful tour of USA and South Korean for attracting investments to the Telangana State.
The Chief Minister and his delegation, including Minister for Industries Duddilla Sridhar Babu were accorded a grand welcome by the Congress party leaders and activists at Rajiv Gandhi International Airport, Shamshabad.
Revanth Reddy’s fresh USA and South Korea tours garnered another Rs 36,000 crore investments for Telangana.
According to the Chief Minister’s Office, American multinational companies struck a deal to invest a whopping Rs 31,502 crore in the Telangana State. Similarly, overwhelming response was also received from the South Korean companies during the Chief Minister’s last two days visit to the country.
The Korean companies entered agreements to invest Rs 4500 crore. With this, Telangana registered a record investment of Rs.36,000 crores from the two countries alone. The government has entered agreements with of 25 companies which also helped to create thousands of job opportunities for youth in the Telangana State.
The Chief Minister attended the annual conference of the World Economic Forum held in Davos in January this year and entered agreements with the global companies to invest Rs.40,232 crore. Revanth Reddy’s fresh USA and South Korea tours garnered another Rs 36,000 crore investments. In all, the Telangana State reported a new record of Rs.76,232 crore foreign investment within 8 months. Now, the Telangana has emerged as the best destination for the global investors.
