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Key Points

Telangana Chief Minister Revanth Reddy met with Queensland representatives to discuss potential investments and MoUs across multiple sectors. The meeting at Hyderabad International Convention Centre was attended by Queensland Governor Jeannette and Finance Minister Rosslyn Bates, who responded positively to investment opportunities. During the Bio Asia 2025 conference, Reddy announced ambitious plans to transform Telangana into a trillion-dollar economy within a decade. He outlined his vision to make Hyderabad a service-only net-zero hub while developing one of the world's largest manufacturing zones outside the city.

Key Points: Revanth Reddy Meets Queensland Delegates for Investment Talks

  • Queensland delegates responded positively to investing in multiple Telangana sectors
  • CM plans to develop one of world's largest manufacturing hubs outside Hyderabad
  • Telangana developing mega-dry port connected to neighboring Andhra Pradesh seaport
  • Reddy aims to make Hyderabad a global ecosystem for biosciences and biotech
2 min read

Telangana CM meets Australian delegation to discuss investment prospects

Telangana CM Revanth Reddy discussed MoUs in industry, sports and trade with Queensland representatives, while also revealing plans to build a trillion-dollar economy in 10 years.

"I want to transform my state's economy into a trillion-dollar economy in the next 10 years. The core urban area will become a service-only city and a net-zero hub. - Revanth Reddy, Telangana Chief Minister"

Hyderabad, February 25

Telangana Chief Minister Revanth Reddy on Tuesday met with representatives of Queensland from Australia in Hyderabad to discuss investment prospects for multiple sectors.

The prospect of signing the Memorandum of Understanding (MoU) in Industry, Sports, Trade and other sectors was discussed in the meeting, which was held at the Hyderabad International Convention Centre (HICC). Telangana IT and Industries Minister D Sridhar Babu also attended the meeting with Queensland delegates.

Queensland representatives responded positively to entering agreements for investments in Telangana. Queensland Governor Jeannette and Queensland Finance, Trade, Employment and Training Minister Hon Rosslyn (Ros) Bates were also present at the meeting.

This development came after Reddy on Tuesday announced that he wanted to transform the State's economy into a trillion-dollar economy in the next 10 years. He participated in the inauguration of the "Bio Asia 2025" conference at the HICC.

In his address, chief minister Reddy said, "I want to transform my state's economy into a trillion-dollar economy in the next 10 years. The core urban area will become a service-only city and a net-zero hub. This is where we are creating future city, AI city and many other big projects. Hyderabad is now the EV capital of India with the highest sale of EVs in the entire country. Outside this core urban area, I wanted to develop one of the world's largest manufacturing hub. I want to make it my offer to the world for its China plus One need."

He further said that Telangana is a landlocked state, and the state government is developing a mega-dry port that will be well-connected to a seaport in neighbouring Andhra Pradesh.

"These two ports will be connected by dedicated rail and road links... We are excited to have this Bio Asia conference in this larger framework. I want to express my vision: together, we will develop Hyderabad and Telangana into one of the world's best and largest ecosystems for biosciences, biotech and life sciences in innovation, research and development, manufacturing, skills development and investment," he said.

Reddy said that BioAsia has promoted the city of Hyderabad to be the world's capital for life sciences.

- ANI

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