(Image source from: Twitter.com/MinisterKTR)
KTR gets Rs 600 Cr investments for Telangana:- Telangana young politician and the IT Minister KT Rama Rao is present for the World Economic Forum Summit that is taking place in Davos, Switzerland. KTR strikes gold on the first day of the summit after he signed investments worth Rs 600 crores. He signed MoUs for setting up offices of Swiss Re, a Switzerland-based insurance company along with Meesho, an e-commerce company based in Switzerland. KTR participated in a series of meetings with the leaders of various industries at the Telangana Pavillion in World Economic Forum. Lulu Group came up with the biggest investment of Rs 500 crores in Telangana and the investment will be made in the processing sector.
Happy to announce a big addition to Hyderabad BFSI ecosystem— KTR (@KTRTRS) May 23, 2022
A big welcome to @SwissRe who will be setting up their office in Hyderabad this August
Swiss Re is a 160 year old insurance organisation, headquartered in Zurich, Switzerland and operates in 80 locations globally pic.twitter.com/1bpRA6vNX1
Second major announcement from Davos! @Meesho_Official, the fast growing eCommerce company agreed to set up their facility in Hyderabad. Meesho will be working with the Govt. of Telangana in onboarding the retail sellers in Tier-II towns. pic.twitter.com/E1ciuXlbX9— Minister for IT, Industries, MA & UD, Telangana (@MinisterKTR) May 23, 2022
Lulu Group CEO Yusuf Ali met KTR after which the announcement was made. KTR handed over the permission documents for Yusuf Ali for the food processing unit in Telangana. The foundation stone for the food processing unit will be laid soon. The foods will be exported from Telangana to Europe soon. Lulu Group will also participate in the construction of large-scale commercial spaces in Telangana. Several places in Hyderabad are finalized for the same. KTR said that the Telangana government is working to increase the demand of agricultural products through the food processing units. KTR expressed his happiness over the Lulu Group's investment decision in Telangana.
Lulu Group confirmed its investment of Rs. 500 Cr in Telangana. The announcement was made during a meeting of Lulu Group Chairman & MD Mr. Yusuff Ali with Minister @KTRTRS in Davos. #TelanganaAtDavos pic.twitter.com/LJ6k0fabS3— Minister for IT, Industries, MA & UD, Telangana (@MinisterKTR) May 23, 2022
(Video Source: T News Telugu)