Telangana No. 1 In Investments: Revanth Reddy

Chief Minister Revanth Reddy today announced that Telangana had secured the top position in India for attracting investments from both domestic and international sources.

The Chief Minister made this statement after inaugurating a new facility of Sonata Software in Nanakramguda.

During the event, he said that since December 2023, when his government took over, Telangana had attracted approximately Rs 3 lakh crore in investments and generated over 1 lakh jobs in the private sector.

"During my visits to the World Economic Forum in Davos and various investor meetings in the USA, South Korea, Japan and Singapore, we successfully demonstrated that Telangana is a serious contender for business. This year at Davos, we achieved the distinction of being the top state in securing investments totaling Rs 1.78 lakh crore," Reddy said.

The CM also claimed that Hyderabad had become a key hub for global capability centres (GCCs) in both the software and life sciences sectors, and that the city had become a prominent place for AI-ready data centres, life sciences and manufacturing.

He also said that major IT companies including Microsoft, Cognizant, HCL Tech, Infosys and Wipro had established new campuses and were expanding their operations in Telangana.

"In terms of policing and maintaining law and order, we rank as the number one State, according to a report by the Government of India. We lead in managing inflation. We are also the top State in job creation - both in the public and private sectors - as well as in tax collections," Reddy said.

He also mentioned the Miss World pageant taking place in Hyderabad, and said that the government was committed to bringing more international events to Telangana in the future.

The CM elaborated that his vision, referred to as Telangana Rising, encompassed a balanced approach to growth, investment, job creation, infrastructure development and welfare for all communities.