Chief Minister Sri A Revanth Reddy official tour to America and South Korea drew a big success by achieving a new record in attracting foreign investments in the history of the youngest state of Telangana. The American multinational companies struck a deal to invest a whopping Rs 31,502 crore in the Telangana state. Similar overwhelming response was also received from the South Korean companies duringthe CM’s last two days visit to the country.
The Korean companies entered agreements to invest Rs 4500 crore. With this, Telangana registered a record investment of Rs.36,000 crores from the two countries alone. The government has entered agreements with of 25 companies which also helped to create thousands of job opportunities for youth in the state The Chief Minister attended the annual conference of the World Economic Forum held in Davos in January this year and entered agreements with the global companies to invest Rs.40232 crore.
The CM’s fresh USA and South Korea tours garnered another Rs36,000 crore investments. In all, the state reported a new record ofRs.76,232 croreforeign investment within 8 months. Now, the Telangana state emerged as the bestdestination for the global investors.
During the two-day visit to South Korea, the Chief Minister's teammainly focused on
automotive, electronics, semiconductor, energy and textile sectors in which South Korea made its own mark in the world .
Chief Minister A. Revanth Reddy along with IT and Industries Minister D Sridhar Babu held business consultations with many companies. The CM showcased Telangana as the most attractive investment hub by explaining the advantages to the companies and invited them to join hands with the state government.
