The World Economic Forum (WEF) in Davos last week provided Telangana an opportunity to help consolidate its position as one of the preferred investment destinations in India. Led by the State IT, Industries and Commerce Minister K.T. Rama Rao, the delegation to the annual gathering of world political and corporate leaders received investment commitments from several firms in various sectors. The 10-day trip to the U.K. and Davos helped Telangana bag ₹4,200 crore worth of investments, the Minister tweeted.
Mr. Rama Rao also used the opportunity to take a dig at the Centre. He spoke about what India should do to ensure that projects on paper are implemented faster and to garner more investments. India needs revolutionary reforms to strengthen its life sciences sector and compete with the world, he said, touching upon the ambitious Hyderabad Pharma City project of the Telangana government. At a meeting in London, he said Telangana had overcome all kinds of crises to emerge as a favourite destination for global investments.
Less than a week ago, Prime Minister Narendra Modi had said in Hyderabad that reforms have been undertaken continuously since his government came to power in 2014. “Today the world is realising that India means business,” he said.
