Telangana delegation led by CM Revanth Reddy kickstarts Korean tour with meeting with LS Corp
Hyderabad: A Telangana government delegation led by Telangana Chief Minister Revanth Reddy and Telangana Minister Sridhar Babu on Monday kickstarted their tour of South Korea shortly after completing a tour of the USA in a bid to secure further investment in the state.
In a press release, Telangana CMO stated, "Good morning from Korea. Delighted to share with all of you that our Korean tour started off on a very positive note."
"We started our day with wide-ranging conversations with one of Korea's biggest industrial conglomerates - the LS Corp, which was formerly a part of the LG group," the CMO said.
The CMO said that the team, including ministerial colleague D Sridhar Babu, and officials, met with the Chairman of LS Group, Koo Ja Eun, and his senior leadership.
"Our talks covered broad interests, including manufacturing investments in Telangana for electric cables, gas and energy, and batteries," the CMO added.
"The LS team will visit our state shortly on my invite. I am very positive we will formally welcome them to Telangana as an investor in the coming days," CM Reddy said.
Earlier CM Revanth Reddy concluded his US tour on a high note, securing over Rs 31,500 crore investment plans, said a statement from the CM's office, adding that this investment would bring over 30,750 new jobs, a statement from the CM's office said.
The delegation held Roundtable Conferences on business, AI and semiconductors, spanning coast to coast, and also met with CEOs, founders and business alliances and groups, inviting them to come to Hyderabad and consider Telangana in their plans, the statement said.
The delegation pitched Hyderabad and Telangana to business heads and investors across different sectors and closed new and expansion deals in IT, GCC, Lifesciences, Pharma, Data Centres, AI, Cloud and Data Centres, Electric Vehicle and batteries, green energy, FMCG and manufacturing, the statement added.
Major announcements in the IT sector include the Charles Schwab GCC, one of America's leading financial sector corporations, the statement said.
The Trinet deal opens major forays ahead in the HR solutions sector. The significant expansion announcements by global IT major Cognizant, and Arcesium, reinforced the edge of Hyderabad in the IT/GCC space, the statement added.
