Believe it or not, Telangana Chief Minister A. Revanth Reddy has outdone former Chief Minister K. Chandrashekar Rao (KCR) and former IT Minister KT Rama Rao (KTR) in securing investments for Telangana during their foreign visits.
This marks a significant milestone for Telangana and highlights the effectiveness of the Revant in attracting investors from across the globe.
Traditionally, a Chief Minister’s performance may not be comparable to that of his Ministers, but the political dynamics of Telangana make it an exception.
Under the BRS government, former IT minister KT Rama Rao actively promoted foreign investment as shadow chief minister, while his father KCR largely remained confined to his farmhouse and his official residence, Pragati Bhavan.
During his 10-year tenure as chief minister, KCR made only one foreign trip, to China in 2015.
He signed MoUs worth Rs 116 billion during the visit, though Telangana ultimately received only Rs 16 billion investment from Selkon. Meanwhile, KTR managed to secure investments of Rs 24,500 crore over five years through his multiple visits to Davos.
In contrast, Revanth Reddy has demonstrated an impressive ability to attract significant investments in a short space of time.
Its maiden visit to Davos in January 2024 secured Rs 40,232 crore for Telangana. Moreover, its recent visits to the US and South Korea have brought in another Rs 30,000 crore.
Moreover, the Levant Administration has approved 1,764 industrial parks since taking office in December 2023, bringing in an additional investment of Rs 16,672 crore.
In total, Revanth Reddy has secured investments worth a staggering Rs 88,432 crore in just eight months since assuming the position.
The achievement has virtually allayed the concerns raised by BRS leaders during the last state assembly elections, who had alleged that investors would shy away from Telangana if the Congress came to power.
Revant’s track record in securing investments has proven these allegations unfounded and under his leadership, Telangana has established itself as an attractive investment destination for investors from across the globe.
