Telangana IT min KT Rama Rao hardsells T-Hub, state as investment destination at WEF

The delegation, led by him, is presenting Telangana as India’s startup state at WEF.
Telangana IT min KT Rama Rao hardsells T-Hub, state as investment destination at WEF
Telangana IT min KT Rama Rao hardsells T-Hub, state as investment destination at WEF
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Participating in the World Economic Forum (WEF) for the first time, India's youngest state Telangana is trying to woo investors presenting Telangana as India’s startup state. He was also promoting his brainchild Hyderabad-based incubation center T-Hub. He met Ana Pinczuk, SVP, HPE and invited the HP team to visit Hyderabad to explore collaboration with T-Hub in innovation space and also to expand HP’s operations.

The delegation led by Minister for Information Technology, Industries and Municipal Administration K.T. Rama Rao called on top executives of various companies and business leaders in Davos.

At the state pavilion at WEF, the delegation met the investors and briefed them of the enormous opportunities Hyderabad and other parts of the state offer.

The minister met Petra Laux, Head Global and Public Affairs, Novartis. Rao tweeted that expansion of Novartis in Hyderabad was among the issues discussed.

He also explained the progress of Hyderabad Pharma City, a state-of-the-art facility coming up with a university and research centre.

KTR, as the minister is popularly known, also met delegation from Mitsubishi Heavy Industries led by Ken Kawai, Executive Vice President.

He also called on Aloke Lohia, founder and group CEO, Indorama Ventures PCL, the world's largest polyester company by capacity.

During the meeting, the minister explained about the Telangana's progressive industrial policies and also the existing textiles ecosystem in the state.

He invited Aloke Lohia to explore investment opportunities in Kakatiya Mega Textiles Park coming up in Warangal.

With AirAsia Berhad's CEO Anthony Fernandes and Deputy CEO Aireen Omar, KTR discussed the prospects of setting up AirAsia's Tech Center and running innovation programmes to support startups in the aerospace sector.

On Wednesday, he met with Mohammed I. Al Shaibani, CEO, Investment Corporation of Dubai and discussed the possibility of setting up a Tech Center in Telangana and other potential areas of investment.

KTR, who is Chief Minister K. Chandrasekhar Rao's son, tweeted that he also had a brief but scintillating meeting with Chairman of RIL, Mukesh Ambani.

He also tweeted that he had interactions with senior management/leadership several large corporates such as Air Asia, Indo Rama, Mitsubishi, KKR, Kalyani Group, Dalmiyas, Novartis, Deloitte and more.

Earlier, the minister also met Andhra Pradesh Chief Minister N. Chandrababu Naidu and his son and cabinet minister Nara Lokesh.

KTR is scheduled to speak at a few sessions at WEF. He will participate in the discussion titled 'Leveraging digital to deliver value to society' on January 25. He will also participate in the roundtable on "Promoting design in India" organised by Department of Industrial Policy and Promotion.

The next day, he will speak at the session titled 'Global Tech, Local Solutions: Artificial Intelligence.

With IANS inputs

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