Telangana Aims to Become Global Investment Hub Through India Summit, Says CM K. Revanth Reddy

Hyderabad, November 13 (Daily Kiran) : Telangana’s Chief Minister K. Revanth Reddy announced that the India Summit, taking place in Hyderabad, aims to showcase the state as an attractive destination for international investors. He emphasized the government’s commitment to attracting global investment and fostering industrial growth to establish Telangana as a major economic center.

At a press conference, Reddy revealed plans for the Invest Telangana Global Summit, scheduled for December 7-9. The state aims to achieve a $1 trillion economy by 2034 and a $3 trillion economy by 2047.

Reddy highlighted Hyderabad’s robust infrastructure, developed industrial ecosystem, and investor-friendly policies, making it a prime location for investment. Preparations for the summit have included curtain-raiser events in various cities, including New Delhi, with similar events planned in Mumbai and Ahmedabad.

The ongoing India Summit, held on November 13 and 14, has attracted around 1,000 delegates from approximately 70 countries. Key figures from various sectors have been invited to gain firsthand insights into Telangana’s industrial policies and investment opportunities.

Reddy stated, “Every delegate visiting Telangana will become an ambassador for our state.” He expressed hope that international representatives would return to their countries with a positive image of Telangana, enhancing the state’s global recognition.

However, Reddy criticized the withdrawal of prior approvals for some international guests attending the summit, questioning why obstacles were being placed in an event aimed at fostering dialogue and collaboration.

He accused the Bharatiya Janata Party (BJP) and the Bharat Rashtra Samithi (BRS) of obstructing the Telangana government’s development projects. Citing specific leaders, he claimed they were misleading the public.

The Chief Minister mentioned significant projects like the Musi River rejuvenation initiative, Hyderabad Metro expansion, and the Regional Ring Road, which have faced opposition.

“When the government makes decisions for Telangana’s benefit, both the BJP and BRS oppose them. They are not opposing Congress; they are opposing the people of Telangana,” Reddy asserted.

He announced that the Telangana government would implement the Gig Workers Law starting November 14, with the formal launch occurring during Congress leader Rahul Gandhi’s visit to Hyderabad.

Reddy criticized the central government for its lack of sensitivity towards the rights and safety of gig economy workers, stating that Telangana is taking steps to protect these workers’ rights. He confirmed that Rahul Gandhi would address the closing session of the India Summit.

In response to BJP’s criticism of Gandhi’s participation in the summit, Reddy accused the party of double standards. “When Prime Minister Narendra Modi speaks at international conferences, the BJP sees it as appropriate. However, they object to Rahul Gandhi attending similar events,” he said, urging the BJP not to oppose Gandhi’s visit for political reasons.

The Chief Minister emphasized that differences are natural in a democracy and that governments should be open to various viewpoints. He noted that amendments to the Indian Constitution reflect the need for dialogue and reform in response to changing circumstances.

He asserted that addressing global challenges requires creative discussions and exchanges of ideas, which the India Summit aims to facilitate by bringing together diverse participants.

Concluding his address, Reddy urged opposition parties to prioritize Telangana’s interests over political agendas. He stated that political differences should not hinder the state’s development or efforts to attract international investment.

Reddy expressed confidence that the India Summit and the upcoming Invest Telangana Global Summit will play a crucial role in establishing the state as a global center for investment, innovation, and sustainable economic growth.