K M Dayashankar
Conference Hosted by Consulate General, NY
IT minister D. Sridhar Babu outlines best-in-class industry policies, the history of the development of Hyderabad a power hub in software, pharma
CM talks of the ambition of a different kind, showcases Musi River Front Development, Future City, the 3-Ring structure of Telangana and the Master Plan 2050
HYDERABAD, AUGUST 06, 2024: Chief Minister A. Revanth Reddy enthralled the top CEOs and business honchos at an official roundtable hosted by the Consulate General of India, New York, over a working luncheon late Monday here, emphasizing the business-readiness of Telangana to fit in as the missing jigsaw puzzle piece in the America, Inc. search for a China plus One strategy.
Organised and hosted by the Indian CG, NY, over 20 Chairpersons, and CEOs representing well-known companies from varied sectors, including pharma, IT, technology, EV, GCC, biotech, and shipping sectors, among others, attended.
After a brief presentation on the history and plans for the development of industrial clusters in Telangana and Hyderabad, Chief Minister Revanth Reddy brought the house down when he began his talk, saying, “I am here to speak from my heart and to share my state’s dreams and my people’s aspirations. Since this is my first visit to the USA as Chief Minister of Telangana, I hope to take back home as many dollars from all of you as possible.”
Showcasing the strengths of Hyderabad and Telangana as a top investment destination, he said, “We are now a powerhouse in software, life-sciences and Pharma, with a strong base in Aerospace, Defense, Electronics and other sectors. We helped the World overcome Covid by making millions of vaccines for people for many countries.”
“We have great infrastructure, wonderful talent and offer best policy support from our government for investors. Hyderabad, an over 425 years old city built by the Nizams, is interestingly almost the same age as the United State of America.”
Speaking about the ambitious projects which offer sui generis opportunities for investment into the future and promise exponential growth, the Chief Minister said, “we are building a fourth city – the Future City. It will be India’s answer to future. It will be India’s first Net Zero Carbon city. Future City will become a hub for AI, medical tourism, sports, software and pharma. It is like a second round of gold rush. We are creating a New Industrial Policy to match our dreams. We will make it very easy to start a new business and expand your existing business in Telangana. I keep saying – Telangana means business. I mean it.”
“As top global business leaders, you understand the power of dreams very well. You understand the passion needed to build great things. Telangana today has both passion and vision. Please come and visit my city, my state, and let us discuss great opportunities. Together, we can make a great future,” he added.
IT minister D. Sridhar Babu made an elaborate pitch on the current strengths of Hyderabad Telangana for a variety of industry sectors and detailed the policies that would enable the Chief Minister’s vision to make Telangana a viable alternative to China for manufacturing and develop Hyderabad into one of the top 10 cities in the world.
The industry leaders spoke of their experiences of investing worldwide, and doing business in India, and their expectations from Telagnana and Hyderabad. They also explained the current plans for investments in the coming days. Several major announcements are expected in near future after the successful Roundtable.
Attendees:
- Mr. Ronald L Verkleeren, Sr. Vice President, Corning
- Mr. Dinesh Paliwal, Partner, KKR
- Mr. Ekram Sarpar, Head of Int’l Public Policy, Cigna
- Mr. Bill Noonan, Chief Business Development Officer, Choose New Jersey
- Dr. S. V. Anchan, Chairman, SafeSea Group
- Mr. Sanjiv Ahuja, Founder, Chairman & CEO, Tillman Holdings
- Mr. Chintu Patel, Co-CEO, Amneal Pharma
- Mr. Ravi Lochan Pola, Executive Director, JP Morgan Chase
- Mr. Subba Rao, Exec. VP Finance / CFO, Aquatech
- Mr. Amit Kumar, MD, Accenture
- Mr. Punit Lochan, MD, Deloitte
- Mr. Veera Budhi, Chief Technology Officer, Habits Inc.
- Mr. Sri Atluri, MD, BNY Mellon
- Dr. Jonathan Hill, Dean, Seidenberg School of Computer Science, Pace University
- Mr. Arun Upadhaya, Chief Scientific Officer and Head of Research, Ocugen
- Mr. Swamy Kocherlakota, Exec. VP and Chief Digital Solutions Officer, S&P Global
- Ms. Ashwini Panse, MD, Intercontinental Exchange Inc.
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