CM Revanth Reddy invites Canadian companies and investors to attend Telangana Global Investment Summit in December
Hyderabad, July 8
Canada's High Commissioner to India Chris Cooter met Telangana Chief Minister A Revanth Reddy and invited a chief minister-led delegation to visit Canada. The two held productive discussions focused on strengthening Canada-Telangana trade, investment, and innovation partnerships.
The discussions highlighted opportunities for enhanced collaboration in major infrastructure and urban development projects underway in Telangana, including the Musi River Development Project, Hyderabad Metro Rail expansion, and the proposed Future City initiative, the Chief Minister's office said in a release.
The High Commissioner highlighted several recent developments reflecting growing Telangana-Canada footprint -- Firan Technology Group's decision to establish a manufacturing facility, CIBC's opening of a Global Capability Centre (GCC) -- in Hyderabad. He also noted the major investment by CPP Investments, which entered into a strategic partnership with Hyderabad-based CtrlS Datacenters, in which CPP Investments has committed upto 1 billion Canadian dollars, it added.
The Chief Minister explained Telangana's success story in various sectors including IT, Life Sciences, Defence and Aerospace. He also highlighted Hyderabad's dominance in attracting Global Capability Centres (GCCs) of Fortune-500 companies.
The Chief Minister also stressed on the state government's commitment to rejuvenate river Musi, as part of a larger strategy to create an alternate economy along the riverfront. He also sought Canada's support in the state's solarisation efforts and plans for promoting green economy.
Elaborating on his plans to transform the state into a global knowledge hub, the CM mentioned that several top global universities were coming forward to setup campuses in Hyderabad. He pitched the idea of a group of Canadian universities establishing a multi-university campus in Hyderabad.
The CM welcomed growing Canadian engagement in the state and invited Canadian companies, investors, and institutions to participate in the second edition of Telangana's Global Investors Summit, scheduled for December, as a platform to explore new business opportunities and partnerships.
Speaking on this occasion, High Commissioner Cooter was all praise for Telangana's forward-looking vision and approach to job creation and development. He said the state holds massive potential with the massive talent pool availability, as per the release.
Offering to extend all support in the state government's initiatives, Cooter invited the Chief Minister to visit Canada and explore further opportunities across sectors. In the coming months, a Canadian trade delegation will visit Telangana and have extensive discussions on areas like energy, urbanisation, defence and aerospace, Cooter added.
Advisor and ex-Officio Special Chief Secretary to CM K Ramakrishna Rao, Invest Telangana CEO B Ajith Reddy, TGIIC MD Shashanka, ITE&C Joint Secretary Anudeep Durishetty, Director of Industries Nikhil Chakravarthy also attended the meeting.
— ANI
Reader Comments
Canadian universities setting up campuses in Hyderabad? That would be a game-changer for students who can't afford to study abroad but want international exposure. Hope they offer affordable courses! 🇮🇳🇨🇦
Good to see the CM inviting foreign investment. But I hope the state government also focuses on creating jobs for local youth. IT companies are good but what about manufacturing and agriculture? We need a balanced approach.
As a Canadian who visited Hyderabad last year, I was impressed by the talent pool and infrastructure. This partnership makes sense. But I hope the Canadian companies also bring sustainable practices and fair labor standards. Win-win for both sides!
Impressive that CPP Investments committed 1 billion CAD to CtrlS Datacenters. But I hope the state government has proper safeguards for data security and doesn't give away too many concessions. The public interest should come first.
This is exactly what we need - more global partnerships. But the government should also ensure that the Musi river rejuvenation doesn't displace poor communities living along the riverbank. Development with a human touch, please!
Canada-Telangana partnership makes sense given both are strong in
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