The Telangana Rising delegation, led by Chief Minister A. Revanth Reddy, recently concluded a successful three-day visit to Singapore. The trip focused on strengthening ties with business leaders, investors, and representatives from the Singapore Business Federation (SBF).
Key Meetings with Industry Leaders
On the last day of the visit, Chief Minister Revanth Reddy, Minister Duddilla Sridhar Babu, and other senior officials met with prominent business leaders to discuss investment opportunities in Telangana. These discussions highlighted the state’s industry-friendly policies and potential for growth. Key participants included:
– Pradeepto Biswas, CEO of Indian Ocean Group
– Lim Him Chuan and Amit Sharma from DBS Bank
– Gautam Banerjee and Peng Wee Tan from Blackstone
– Omar Shahzad, CEO of Mainhardt Group
Major Achievements
Several important agreements and announcements were made during the visit:
– Skill Development Collaboration: Telangana signed a deal with the Singapore Institute of Technical Education (ITE) to establish the Telangana Young India Skill University. This institution aims to provide advanced technical training for youth.
– AI-Based Data Center: ST Telemedia Global Data Centers committed to investing ₹3,500 crore to build an AI-driven data center in Hyderabad’s Future City.
– IT Park Investment: CapitaLand revealed plans to develop an IT park in Hyderabad with an investment of ₹450 crore.
– Semiconductor Sector Expansion: Discussions with the Singapore Semiconductor Industry Association opened doors for future growth in semiconductor manufacturing in Telangana.
Telangana as a Global Investment Hub
The delegation actively promoted Telangana’s strengths as an investment destination, showcasing Hyderabad as an emerging hub for technology and innovation. The state’s proactive approach to attracting industries and fostering business partnerships was well-received by Singaporean leaders.
Next Steps: Heading to Davos
Following the Singapore visit, Chief Minister Revanth Reddy and his team will travel to Davos to participate in the World Economic Forum’s Annual Summit. The goal is to attract more global investments and position Hyderabad as a preferred business destination on the world stage.
This international tour underscores Telangana’s commitment to connecting with global markets and driving industrial growth in the state.
