KTR gets Rs 600 Cr investments for Telangana

May 24, 2022 13:24
KTR gets Rs 600 Cr investments for Telangana

(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.

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.

(Video Source: T News Telugu)

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