"Telangana means business, is place for investments": CM Revanth Reddy in Davos
Telangana CM A Revanth Reddy Promotes State at World Economic Forum in Davos
Telangana Chief Minister A Revanth Reddy is in Davos, Switzerland, attending the World Economic Forum to promote investment opportunities in his state. He emphasized Telangana's focus on sectors like electric vehicles, semiconductors, pharmaceuticals, and infrastructure. Reddy stated, "Hyderabad, Telangana is the place for investments. Davos is the place for marketing...Telangana means business."
During his visit, Reddy met with Hein Schumacher, CEO of Unilever, and Willem Uijen, Chief Supply Chain Officer of Unilever, to discuss potential business opportunities in Telangana. The meeting was also attended by Industries Minister D Sridhar Babu Garu.
Reddy, along with Union Food Processing Minister Chirag Paswan and Union Minister for Skill Development Jayant Chaudhary, inaugurated the Indian Pavilion at the Promenade, World Economic Forum. The union ministers assured their support for Telangana's initiatives in skill development and food processing.
Additionally, the Telangana government signed a Memorandum of Understanding (MoU) with Skyroot for establishing an integrated private rocket manufacturing, integration, and testing facility in Telangana. This project involves an investment of approximately Rs 500 crore, making it one of the largest facilities of its kind in the private sector.
Doubts Revealed
Telangana
Telangana is a state in southern India. It was formed in 2014 when it separated from Andhra Pradesh.
CM A Revanth Reddy
A Revanth Reddy is the Chief Minister of Telangana, which means he is the head of the government in that state.
World Economic Forum
The World Economic Forum is a big meeting where leaders from around the world discuss important global issues. It takes place in Davos, a town in Switzerland.
Davos
Davos is a town in Switzerland where the World Economic Forum is held every year. It's known for hosting this important event.
Unilever
Unilever is a large company that makes many products like soaps, shampoos, and food items. They are known worldwide.
Indian Pavilion
The Indian Pavilion is a special area at the World Economic Forum where India showcases its culture, business opportunities, and achievements.
Union Ministers
Union Ministers are members of the central government in India. They help make important decisions for the whole country.
MoU
MoU stands for Memorandum of Understanding. It's an agreement between two parties to work together on a project.
Skyroot
Skyroot is a private company in India that works on building rockets and space technology.
Rs 500 crore
Rs 500 crore is a large amount of money in Indian currency, equivalent to 5 billion rupees. It's used to describe the investment amount.
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