Progressive policies of the government paved the way for MoUs for huge investments in Telangana, says CM 

Telangana Chief Minister secures major investments at World Economic Forum, showcasing state as ideal investment destination post-pandemic.

Chief Minister A. Revanth Reddy has asserted that the State signed memorandum of understanding with several global majors as part of the World Economic Forum meeting because of the progressive policies, including the recent Clean and Green Energy policy, that have been put in place by the Congress government.

The State effectively showcased Telangana as the “most suitable China+1” destination which industry majors are looking for after COVID-19 pandemic and could convince the investors explaining its industry-friendly policies at the international forum. “The investment assurances came after the industry considered various aspects, including the results of their investment and the skill sets available in Telangana,” he said.

The Chief Minister described the developments at the WEF meeting as a crucial victory of the Congress government in its 14-month rule and dismissed the claims of the Opposition parties, the BRS in particular, about entering into MoUs with India and Hyderabad headquartered companies as part of his recent visit to Davos in Switzerland. “We went there to scout for investments irrespective of where the firms are based out of. We did not go after the companies, industry majors like Amazon, Sun Petrochemicals, Unilever, UBS and others approached the Telangana Pavilion and expressed their willingness to invest in the State,” he said.

He said the MoUs were the first major step towards making Telangana a $ 1 trillion economy and the government was committed to ensure speedy clearances like land and others for industries willing to invest here. The stable government and the progressive policies of the government created a strong confidence among investors for setting up ventures in Telangana and hence, the flow of investments.

This, he said, could be possible because the Congress government continued the policies of the earlier Congress and TDP governments in attracting investors. “We are prepared to emulate the good policies, if any, of the BRS government. This has renewed the confidence of the investors on Telangana,” he said.

Mr. Revanth Reddy launched a scathing attack on the BRS leaders for trying to create apprehensions among the minds of investors and hitting investors confidence. But the companies repelled these conspiracies expressing confidence on the State government and its proactive policies.

“They (BRS leaders) are unable to digest the success achieved at the WEF meetings. They are suffering from ‘attention seeking disorder’ and want the entire attention to be on them,” he said.