Hyderabad: In a significant development for women entrepreneurs in Telangana, Walsh Karra Holdings (WKH) and WE Hub, the state’s nodal agency for incubating women entrepreneurs, have signed a memorandum of understanding (MoU). The signing was overseen by Telangana Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu.
Key Highlights:
- Investment Amount: WKH will invest US $5 million over the next five years.
- Additional Investment: Over the same period, WKH will invest an additional US $100 million in start-ups within the Telangana ecosystem, including those incubated by WE Hub and others.
MoU Signing:
- Participants: Phani Karra and Greg Walsh of WKH, and Sita Pallacholla, CEO of WE Hub.
- Location: The memorandum of understanding was signed in New York.
- Witnesses: The signing was attended by Telangana Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu.
Broader Impact:
- Cognizant’s Expansion: During Chief Minister Revanth Reddy’s US tour, Cognizant, a global IT services and consulting firm, announced its expansion in Hyderabad. The new facility will cover over 10 lakh square feet and is expected to create over 15,000 new jobs in the city.
The investments by WKH and the expansion by Cognizant are significant developments for Telangana’s economy and entrepreneurial ecosystem.
05 August 2024
Invest in Telangana, CM Revanth Reddy in New York Stock Exchange (NYSE)
USA: Telangana Chief Minister Anumula Revanth Reddy visited the New York Stock Exchange, the largest in the world, during his visit to America to seek investment for the state of Telangana.
05 August 2024
Invest in Telangana, CM Revanth Reddy to NRIs in America
Hyderabad: Telangana Chief Minister Anumula Revanth Reddy urged Telugu NRIs in the United States to invest in the state, emphasizing that such investments would yield good results and contribute to the region’s development. Speaking at a large NRI gathering in New Jersey, he highlighted various initiatives for farmers, women, and youth and announced plans for a new industrial policy focusing on job creation, skill development, and fund mobilization. Reddy also mentioned the development of a fourth city alongside Hyderabad, Secunderabad, and Cyberabad, urging NRIs to participate in Hyderabad’s growth.
Key Points
Call to NRIs: Telangana Chief Minister Anumula Revanth Reddy urged Telugu NRIs in the United States to invest in Telangana.
Event: The call was made during a large gathering of NRIs in New Jersey, where Reddy received a warm welcome with huge rallies.
Investment Benefits: Reddy emphasized that investments in Telangana would yield good results and contribute to the development of the state.
Promise Fulfilled: He mentioned his previous visit to the US as the president of the Telangana Pradesh Congress Committee, where he promised to return only after the Congress Party came to power, ending 10 years of misgovernance. He has now fulfilled that promise.
Government Initiatives: Reddy highlighted various government initiatives for the development of farmers, women, and youth.
Economic Growth: He reiterated the government’s commitment to rapid and inclusive economic growth.
04 August 24
Telangana CM Revanth Reddy Reaches New York, USA to Attract Investments
Telangana Chief Minister A Revanth Reddy has begun a 12-day investment tour in the US and South Korea to attract industrial investments. His itinerary includes visits to major cities such as New Jersey, Washington D.C., New York, San Francisco, and Seoul. The trip aims to engage with multinational companies and secure deals worth around Rs 16,000 crore. Reddy will meet with executives from companies like PepsiCo, Apple, Google, and Amazon, participate in a CEO Roundtable lunch, and hold discussions with leaders in IT, healthcare, and manufacturing sectors. His engagements also include meetings with the World Bank president and visits to corporate headquarters such as Charles Schwab and American Airlines in Dallas.
Key Points:
- Investment Goal: Secure deals worth approximately Rs 16,000 crore
- Meetings: Discussions with top government and business leaders, including executives from PepsiCo, Apple, Google, and Amazon
- Engagements: CEO Roundtable lunch hosted by the Consul General of India. Meetings with leaders in IT, healthcare, and manufacturing sectors. Meeting with the World Bank president, and Visits to corporate headquarters such as Charles Schwab and American Airlines in Dallas
Significance:
- The trip follows a prior foreign tour and a busy budget session in the assembly.
- The focus is on fostering the development and growth of Telangana and Hyderabad through international investments.
Read Below… Telangana CM on 12-Day Visit to USA, South Korea for Industrial Investments
Hyderabad: On Saturday, Telangana Chief Minister A Revanth Reddy embarked on a 12-day visit to the United States and South Korea to attract industrial investments for the state. The CM left for the US early in the morning and is scheduled to return to Hyderabad on August 14, as confirmed by official sources.
Reddy is accompanied by officials from the industries department, highlighting the significance of this trip for Telangana’s economic and industrial development. The Chief Minister, who assumed office in December last year, has been proactive in seeking international collaborations. In January, he participated in the World Economic Forum (WEF) meetings in Davos, Switzerland, to promote Telangana’s potential on a global stage.
In addition to CM Reddy’s visit, State Industries Minister D Sridhar Babu will also be traveling to the US. He is set to leave on Sunday morning to join the Chief Minister. This coordinated effort underscores the state government’s commitment to enhancing industrial growth and attracting foreign investments.
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