Davos Review: Hyd Rocks, Amaravati Struggles!

This year’s trip to Davos has been a special one for chief minister Chandrababu Naidu, as it marks his return to the WEF after five long years. In accordance, he fully revisited the experience as he met with several global bigwigs and discussed potential investment opportunities.

However, numbers wise, it is Telangana that walked away with the majority of the MoUs while AP lagged behind. With potential investments amounting to Rs 1.78 lakh crore, Telangana is one of the leading states when it comes to securing deals at the Davos Forum.

According to the communication from the Telangana CMO, a total investment of Rs 1,78,950 crore (INR One Lakh Seventy-Eight Thousand Nine Hundred Fifty crore), which will create 49,550 jobs has been agreed in principle. The biggest individual investments breakup broadly includes Amazon Rs 60,000 crore, Sun Petrochemicals – Rs 45,500 crore, Tillman Global Holdings – Rs 15,000 crore, Meil- Rs 15,000 crore, among others.

But on the other hand, Andhra Pradesh could not sign any significant memorandum of understanding in this forum. While it is fact that Chandrababu and Lokesh met with several representatives and discussed potential investment opportunities, not many of these were put to paper.

But they take away point here is that both Babu and Lokesh could generate attention from leading giants like Microsoft, PepsiCo, Petronas, CISCO, and others. Also, Lokesh had a fruitful meeting with Cognizant and confirmed that some big news is coming up very soon.

It must be noted that MoU’s don’t necessarily mean consolidated investment as there will be a thousand different factors that affect the final investments. But principally speaking, Telangana could secure pretty good memorandums as compared to Andhra.

Having a vastly developed city like Hyderabad always gave Telangana the fundamental edge and Revanth Reddy made the most of the same. On the other hand, Amaravati is a budding city and it’s always going to be tough for Babu and Lokesh to convince big tier companies. But the real rewards of this Davos trip will start to reap in the near future and we have to see which state really gets more benefited from the same.