KTR’s Dallas Visit Inspires and Boosts Investment in Vibrant Hyderabad
DALLAS and HYDERABAD, India, May 13, 2015 /PRNewswire/ —
With a mission to seek investments in the newly formed state of Telangana and
Hyderabad in particular, the Hon’ble Minister for Information Technology and Panchayati
Raj Sri. Kalvakuntla Taraka Rama Rao toured Dallas. His entourage comprised of the IT and
the Industrial Secretary Dr. Jayesh Ranjan, IAS, and MLA’s from Nizamabad Ganesh Gupta, Jeevan Reddy from Armoor among others.
During his stay, the minister met many individuals in person and had prolonged
conversions on the future of Telangana and the prospects of Hyderabad. His inspirational
speeches and a detailed study and the diagnoses on Hyderabad was well received by
individuals in Dallas. Hosted by a highly energetic team called ‘Vibrant Hyderabad’ with a
tag-line, ‘Future is Now’ and ‘Business Beyond Boundaries’ led by Dayakar Puskoor, CEO,
Naya Ventures, Dr. Hanmanth Bejjanki, Dr. Srinivas Gunukula, Raghu Chittimalla, Rao
Kalvala, Ajay Reddy, Mahesh Adibhatla, Shashikanth Kanaparthi, Dr. Mohan Goli, Bhanuprasad
Chowdary, Kranthi Miryala, Dayakar Mada and supported by many core members. The team
worked round the clock for over two weeks to ensure the minister reaches maximum number of
people. His schedule was divided into various parts to ensure maximum attention and attendance.
A massive public meeting was held, where KTR (as the minister is fondly called) with
over 1600 people attending and listening to the vision of the state of Telangana from the
Hon’ble Minister. KTR touched upon many important aspects such as T-Hub (Technology Hub),
the largest incubator for startup companies in Hyderabad where NRI/Foreign investors can
invest directly in startup companies and be part of the development and training process.
Another prestigious initiative discussed was the Telangana Drinking Water Project where 10
million households will get potable water. As the initiative is a massive Rs 38,000
crores, the minister thus requested each citizen to sponsor their village, mandal or a
district. A felicitation was conducted for the Minister, the IT Secretary and the MLA’s
with over 15 Telugu organizations joining on stage. An exclusive cultural program coordinated by Sharada Singireddy and Shanti Nuthi captivated the audience.
Later in the evening, the minister met with enthusiastic investors called the
‘Investors Banquet’ where he had one-on-one with an exclusive audience of 160. The IT and
Industry Secretary Dr. Jayesh Ranjan, IAS, led the talk and laid out the industrial policy
and the various sops being offered by the state of Telangana. He offered in person help
for those who wish to setup companies who are visiting from Dallas. The government team
was pleased to find $210,000 being raised overnight for the Drinking Water Project and
while many applauded the unique concept for the T-Hub, they surely assured as soon as the
project comes into effect on June 1st 2015, many from DFW will support the mission. Dr.
Bejjanki announced over fifty 108 Ambulances for Telangana. Ganesh Gupta and Jeevan Reddy
addressing the event requested to trust the Government of Telangana and the leadership of
Kalvakuntla Chandrashekar Rao in achieving their irresistible slogan ‘Bangaru Telangana’ .
The following morning IT and Panchayati Raj Minister KTR met with the global CEO’s and
senior executives of multinational corporations at a morning event called ‘Vibrant
Hyderabad CEO Connect’ that included Coca-Cola, Perot Systems, Verizon, KFS Logistics,
Jindok, Motivity Labs, Naya Ventures, American Spine and Pain Centers, Techstar, Cigniti,
Nikola Systems among others. The minister requested the CEO’s and the senior most
executives to visit Hyderabad and invest and explained the process of single window
clearance in affect. He then requested the company executives to visit Hyderabad, learn
about the policies and take a tour of the fabulous city. Later, the representatives of
these companies explained interests in their respective business units where a mammoth
total of $225 million worth of investments will be invested in the coming 2 years, and
expected to generate 3000-4000 jobs in Hyderabad and Telangana. They felt highly confident about the policies of the new state and assured their support in the voyage.
Dayakar Puskoor overseeing the efforts in Dallas appreciated the efforts of the
organizers, thanked various Telugu organizations and the various community leaders who came from across America to meet the Minister in Dallas.
Later, organizers Raghu Chittimalla and Mahesh Adibhatla thanked media personnel from
TV9, TV5, DesiPlaza, YuppTV, CVR News, Bombay Photography, APHerald, caterers Our Place, and The Omni Mandalay for their hospitality.