Telangana Attracts Huge Investments On Day 1 Of World Economic Forum
NDTV
Telangana IT and Industries Minister KT Rama Rao, who is leading the Telangana delegation to WEF- 2022, held a series of meetings with various industry leaders at the Telangana pavilion.
On the first day of the World Economic Forum (WEF) Summit in Davos, Switzerland, many companies have come forward to invest in Telangana with Lulu Group announcing to invest Rs 500 crore while Spain's Chemo Pharma announced to invest Rs 100 crore in their Hyderabad site expansion over next two years.
Telangana IT and Industries Minister KT Rama Rao, who is leading the Telangana delegation to WEF- 2022, held a series of meetings with various industry leaders at the Telangana pavilion and many companies have come forward to invest in Telangana after their meetings with the Minister, an official release said here on Monday.
Lulu Group would start their operations in the food processing sector in Telangana with a investment of Rs 500 crore, it said.
The investment was announced during a meeting between Rama Rao, popularly known as KTR, and the company head Yusuf Ali in Davos.
