Maharashtra to UP, Indian States Woo Investors at Davos WEF
Chief Ministers from six Indian states are gearing up to attract investors at the World Economic Forum in Davos, with marathon meetings and media campaigns lined up.
DavosWefIndian StatesInvestmentChief MinistersReal Estate MaharashtraJan 19, 2025
The event, set in the picturesque Alpine town, will see Chief Ministers and other key leaders from these states hustling to pitch their states as ideal destinations for investment.
Notably, Chief Ministers like Devendra Fadnavis of Maharashtra, Chandrababu Naidu of Andhra Pradesh, and Revanth Reddy of Telangana are expected to take the lead in hard-selling their states to potential investors.
The WEF features two India pavilions one for the central government and another for the state delegations, which will occupy different floors of the second pavilion.
Other leaders joining the fray include Nara Lokesh and T G Bharath from Andhra Pradesh, T R B Rajaa from Tamil Nadu, Suresh Kumar Khanna from Uttar Pradesh, and P Rajeev from Kerala.
Maharashtra and Telangana have set ambitious targets, aiming to secure MoUs worth Rs 7 trillion and Rs 1 trillion, respectively.
Andhra Pradesh is sending the largest delegation, comprising 20 people, and has allocated around Rs 15 crore for its pavilion, themed 'Sunrise State Andhra Pradesh.' The Chief Minister is expected to hold 19 meetings, including two with heads of state, over two days.
Additionally, IT Minister Nara Lokesh will conduct 50 bilateral meetings.
The state’s focus will be on sectors such as IT, petrochemicals, food and beverages, and pharmaceuticals.
Tamil Nadu’s team will kick off a global campaign for 'Brand Tamil Nadu — BullishOnTN.' Over the four-day event, the Tamil Nadu delegation has lined up 50 meetings with potential partners and aims to deepen conversations with global leaders.
Tamil Nadu Industries Secretary Arun Roy emphasized, 'Our commitment to policy continuity, sustained over several years, ensures that when we sign MoUs, we see them through by providing streamlined approvals and creating the ideal ecosystem for industries to thrive.'
Telangana will highlight its 'Telangana Rising 2050' initiative, which aims to divide the state into three distinct clusters to ensure balanced development beyond just the growth of Hyderabad.
Special Chief Secretary of Industries and Commerce and IT Departments, Jayesh Ranjan, stated, 'This approach will ensure balanced development throughout the state.'
Kerala will send a team of six members, focusing on sectors like IT.
The state’s delegation is poised to leverage its strengths in these sectors to attract foreign investment and foster economic growth.
The fervent efforts by these states to woo investors at Davos underscore the importance of global forums in shaping economic policies and fostering international collaborations.
Frequently Asked Questions
Which states are participating in the World Economic Forum in Davos?
Six Indian states are participating: Maharashtra, Tamil Nadu, Andhra Pradesh, Telangana, Uttar Pradesh, and Kerala.
What are the main sectors these states are focusing on?
The main sectors include IT, petrochemicals, food and beverages, pharmaceuticals, and more. Each state has its own specific focus areas.
What is the 'Telangana Rising 2050' initiative?
The 'Telangana Rising 2050' initiative aims to divide the state into three distinct clusters to ensure balanced development beyond just the growth of Hyderabad.
What is the 'Brand Tamil Nadu — BullishOnTN' campaign?
The 'Brand Tamil Nadu — BullishOnTN' campaign is a global marketing effort by Tamil Nadu to attract investors and deepen conversations with global leaders.
How much is Andhra Pradesh spending on its pavilion at Davos?
Andhra Pradesh is spending around Rs 15 crore on its pavilion, themed 'Sunrise State Andhra Pradesh.'
Related News Articles
Kriti Sanon's Empowering Move: Investing in Alibaug's Sol de Alibaug Project
Bollywood actress Kriti Sanon purchases a 2,000 sq ft plot in Sol de Alibaug, Alibaug's premium project, marking a significant move in India's real estate market.
PVR INOX to Optimize Portfolio by Shutting Down 70 Underperforming Screens
The company plans to explore monetisation of non-core real estate assets in prime areas, including Mumbai, Pune, and Vadodara, and add 120 new screens in FY25.
Bangalore Continues to Thrive as a Hub for High-End Property
Explore the booming real estate market in Bangalore and discover the key growth areas for luxurious properties.
Devendra Fadnavis Sworn in as Maharashtra CM, Ajit Pawar and Eknath Shinde as Deputies
Maharashtra Governor CP Radhakrishnan administered the oath of office to BJP leader Devendra Fadnavis as Chief Minister, NCP chief Ajit Pawar, and Shiv Sena leader Eknath Shinde as Deputy Chief Ministers.
Pune's Health Crisis: Understanding the Spread of Guillain-Barré Syndrome
Pune is currently facing a rising health concern with the increasing cases of Guillain-Barré Syndrome (GBS). This rare and severe nerve disorder is causing alarm among health officials and the public. What is GBS, and why is it spreading in Pune?
RBI Revises Prudential Norms for UCBs to Enhance Operational Freedom
The Reserve Bank of India (RBI) has revised prudential norms for Urban Co-operative Banks (UCBs) to provide them with greater operational flexibility. These changes aim to enhance the financial health and operational efficiency of UCBs, particularly in th