Daily Expert News
No Result
View All Result
Saturday, June 25, 2022
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home India

Telangana Attracts Huge Investments On Day 1 Of World Economic Forum

by Nick Erickson
May 23, 2022
in India
131 2
0
NDTV News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
ADVERTISEMENT


KTR also welcomed Swiss Re for establishing its unit in Hyderabad.

Hyderabad:

On the first day of the World Economic Forum (WEF) summit in Davos, Switzerland, many companies have come forward to invest in Telangana, with the Lulu Group announcing to invest Rs 500 crore, while Spain’s Chemo Pharma announced Rs 100 crore. to invest in their Hyderabad location expansion over the next two years.

Telangana Minister of IT and Industry KT Rama Rao, who leads the Telangana delegation to WEF-2022, held a series of meetings with various industry leaders at the Telangana Pavilion and many companies have volunteered to invest in Telangana after their meetings with the minister , an official release said here on Monday.

Lulu Group would start their food processing business in Telangana with an investment of Rs 500 crore, it said.

The investment was announced during a meeting between Rama Rao, popularly known as KTR, and company chief Yusuf Ali in Davos.

On behalf of the government of Telangana, KTR handed over the necessary authorization documents to Yusuf Ali for the food processing unit to be established by the company.

Yusuf Ali said that in addition to this investment, they also have plans to establish another unit in the food processing sector and that an official announcement will be made soon.

He said they would soon be laying the foundation stone for their food processing units. The company’s unit would export food processing products from Telangana, it said.

Yusuf Ali further said that the Lulu group would invest more in the construction of large-scale commercial complexes in Telangana state.

Expressing its delight at Lulu Group’s investment decision, KTR said that the Telangana government was working to create demand for agricultural products and related agricultural products through food processing units.

Setting up an international-level food processing unit by the Lulu Group would contribute to this, he said.

Chemo Pharma announced an investment of Rs 100 crore in creating a second line in their Hyderabad manufacturing area for the production of pharmaceutical finished dosage forms.

The company also plans to start a new active pharmaceutical ingredient and R&D center in Hyderabad, along with continuing new product development activities in solids and injectables in Genome Valley here, the release said.

The announcement was made after Rama Rao’s meeting with Chemo Group leadership – Jean Daniel Bonny, R&D Director – Pharmaceuticals Generics Business at the World Economic Forum, Davos.

Rama Rao said: “I am delighted that Chemo, a leading pharmaceutical company, continues to grow from Hyderabad. This is indeed a testament to the life sciences ecosystem in the city and Genome Valley.” Swiss Re, headquartered in Zurich, said it would establish an office in Hyderabad in August this year.

KTR also welcomed Swiss Re for establishing its unit in Hyderabad. Swiss Re is a 160-year-old insurance organization operating in 80 locations worldwide.

Swiss Re’s Hyderabad center would start with an initial workforce of 250 and focus on data and digital capabilities, product modeling and risk management, the release said. Veronica Scotti, Group, Managing Director and Ivo Menzinger, MD, Public Sector Solutions, Swiss Re, met Rama Rao and the Telangana delegation at the Telangana Pavilion today.

Meanwhile, during a panel discussion on ‘Telangana Life Sciences Industry’s Vision For 2030’ in Davos, Rama Rao said India’s life sciences sector needs revolutionary reforms to empower the sector and compete with the world.

India needs a favorable regulatory framework in the life sciences sector, he stressed.

He stressed that Telangana is known as the ‘Vaccine Capital of the World’ and Life Sciences Capital of India’ and said the Hyderabad Pharma City, spread over 19,000 hectares, would be the world’s largest pharmaceutical cluster.

Rama Rao further said that innovation in the life sciences sector is the need of the hour. He added that the digital drug discovery sector is growing rapidly and the IT and pharmaceutical sectors need to work together and collaborate.

(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)

ADVERTISEMENT
ADVERTISEMENT
Tags: AttractsDailyExpertNewsDayeconomicForumhugeInvestmentsTelanganaworld

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

NDTV News
India

“Yoga Camp In Guwahati”: Sena Mouthpiece’s Withering Attack On Rebel MLAs

June 25, 2022
Maharashtra Crisis Live Updates: Uddhav Thackeray Slams Rebel Eknath Shinde
India

Maharashtra Crisis Live Updates: Uddhav Thackeray Slams Rebel Eknath Shinde

June 25, 2022
NDTV News
India

Accused Saradha Scam Claims BJP Leader Took Money, Trinamool Seeks Action

June 25, 2022
Mumbai Police Rescue Kidnapped 2-Year-Old-Boy From Woman In 12 Hours
India

3-year-old boy reportedly sold for 1.30 Lakh in Jharkhand, rescued: Police

June 24, 2022
BJP Leader Slams Opposition Parties After Court
India

BJP leader criticizes opposition parties after court ruling on Gujarat riots

June 24, 2022
Maharashtra Mulls Mask Mandate In Mumbai Local Trains Amid Surge In Covid Cases
India

Maharashtra considers mandate in Mumbai local trains amid spikes in covid cases

June 24, 2022
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
Sabrina's parents love her. But the meltdowns are too many.

Sabrina’s parents love her. But the meltdowns are too many.

June 1, 2022

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
Jammu and Kashmir HC recommend status quo on government order asking private schools to vacate state land

Jammu and Kashmir HC recommend status quo on government order asking private schools to vacate state land

June 25, 2022
Google Pixel 7 Pro Tipped to Feature Brighter Display Than Pixel 6 Pro

Google Pixel 7 Pro tipped for brighter screen than Pixel 6 Pro

June 25, 2022
Cryptocurrency Price Today: Bitcoin Price Over $21,000, Ether, Solana in Green; Full list

Cryptocurrency Price Today: Bitcoin Price Over $21,000, Ether, Solana in Green; Full list

June 25, 2022
“Can't Defy Gravity,” Crypto Now Fears: Central Bank

“Can’t Defy Gravity,” Crypto Now Fears: Central Bank

June 25, 2022
ADVERTISEMENT

Recent News

Jammu and Kashmir HC recommend status quo on government order asking private schools to vacate state land

Jammu and Kashmir HC recommend status quo on government order asking private schools to vacate state land

June 25, 2022
Google Pixel 7 Pro Tipped to Feature Brighter Display Than Pixel 6 Pro

Google Pixel 7 Pro tipped for brighter screen than Pixel 6 Pro

June 25, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.