Telangana_Bags_Fifth_Investment_At_DavosIt is raining investments for Telangana at World Economic Forum Summit at Davos.

IT Minister KTR and his team are making it happen and bringing some big-ticket investments to the state.

Swiss Ree – a popular insurance company, Chemo – a leading pharma company, Meesho – an e-commerce giant, and Lulu Group have already pledged investments to the state.

Now, the fifth big investment is also here.

Ashirvad Pipes of Aliaxis, a Global leader in advanced piping systems will be setting up a Greenfield facility with an investment of Rs. 500 Crore in Telangana.

This investment will create over 500 jobs for youngsters in the state.

With this fifth investment, the investments net of Telangana from Davos has gone over 1,100 Crore.

The leadership team of NEC Corporation (a leader in the integration of IT and network technologies that benefit businesses and people globally) led by its Senior EVP Mr. Norihiko Ishiguro met Minister KTR at Davos.

The Minister invited NEC to set up their Center of Excellence in the bus rapid transport system in Telangana.

The minister also extended invite to the NEC team to explore other manufacturing opportunities for their telecom equipment in the State.