Invest in Hyderabad Telangana, CM Revanth Reddy to NRIs, Firms in USA, South Korea

Hyderabad: Telangana Chief Minister A Revanth Reddy, during his visit to the US and South Korea, promoted the Warangal Mega Textile Park as a prime investment opportunity for Korean companies. At a business roundtable organized by the Korea Federation of Textile Industry (KOFOTI), he highlighted the park’s potential to attract significant investments from Korean textile firms. The event was attended by prominent industry leaders, including Kihak Sung, Chairman of Youngone, and Soyoung Joo, Executive Vice-Chairman of KOFOTI, alongside representatives from 25 major textile companies. The response was highly positive, with strong interest in investing in Telangana’s textile sector. To ensure swift action on these opportunities, Industries Minister D Sridhar Babu and a team of officials will form a task force to follow up on potential investments.

Pitched the Mega Textile Park in #Warangal as an ideal destination for further investments from Korean textiles companies at a business roundtable organised by #KOFOTI (Korea Federation of Textile Industry).

The gathering, including Mr Kihak Sung, Chairman, Youngone, Mr Soyoung… pic.twitter.com/xdHt9LpSE2

— Telangana CMO (@TelanganaCMO) August 12, 2024

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