KTR about Global investment flow:- Telangana's IT Minister KT Rama Rao is on his tour to Davos to participate in the World Economic Forum (WEF) Summit and the investments are flowing in for the state. Switzerland-based Stadler Rail is all set to stage a rail coach manufacturing unit in the capital of Telangana. KTR told that the city's potential is clearly visible after the investments flooded in for the state. KTR said that he is extremely delighted with the deal and this would show the potential of Hyderabad in the terms of output and quality. Ansgar Brockmeyer, Executive Vice President - Sales and Marketing, Stadler Rail told that the Hyderabad unit would be one of the most important centres for them. Ansgar Brockmeyer said that they are happy with the support provided by the government.
Delighted to announce that ‘Stadler Rail’ will be setting up their Rail Coach Manufacturing unit in Telangana— KTR (@KTRTRS) May 25, 2022
This investment will be a joint venture b/w Medha Servo Drives & Stadler Rail with an investment of ₹ 1,000 Cr. which will create 2,500 jobs for our youngsters pic.twitter.com/Ntnxs1oU6x
More good news coming in for #Telangana from Davos!— KTR (@KTRTRS) May 25, 2022
Delighted to announce that Switzerland headquartered @ferring Pharma will be expanding in Hyderabad with an investment of ₹ 500 Crores for setting up of another formulation unit#TelanganaAtDavos #InvestTelangana #WEF22 pic.twitter.com/3nkVzP5PEB
Ferring Pharma announced a formulation unit that they would launch one more formulation unit in Hyderabad to manufacture their product called Pentasa. They are expected to invest close to 60 million EUR which is equal to Rs 500 crores in the next three years in Hyderabad. Pentasa can treat the symptoms of active Inflammatory Bowel Disease (IBD). It is available in tablets and granules. Schneider Electric agreed to set up their second manufacturing unit in Telangana. KTR announced that Schneider Electric is all set for expansion in Telangana and the second manufacturing facility will be set up in Hyderabad. About the investments flow, KTR heaped praises on Hyderabad calling it the best one to invest.
Extremely happy to announce that @SchneiderElec will be expanding its operations in Telangana by setting up their 2nd state-of-the-art manufacturing facility in Hyd. Thanks to Luc Remont, EVP, @SchneiderElec for the fruitful meeting at Telangana Pavilion @wef #TelanganaAtDavos pic.twitter.com/n5DRuuQ8J9— KTR (@KTRTRS) May 25, 2022
(Video Source: T News Telugu)