It is well known that IT Minister KTR along with his team has toured the USA to bring more investments to the state. The tour went on for about 12 days and it finally ended. KTR has reached Hyderabad today. He has reached the USA on the 18th of this month and he met business people, investors, venture capitalists belonging to different industries.
Pharma, Life Sciences, Electrical Vehicle, Fish Processing, and IT companies have come forward to invest over Rs 8,000 crore in the state. Even the agreements were made regarding the agreement.
New York-based Advent International has expanded its operations in Hyderabad with Rs 1,750 crore. Similarly, Ajay Singh, CEO, of New Jersey-based Sleback Pharma, announced that it would invest Rs 150 crore. Medical device maker Pharmacopia has set out to set up a state-of-the-art lab at Genome Valley in Hyderabad with a budget of Rs 1,525 crore.
So, one can say it is a very fruitful tour for KTR and his team.
