Is Telangana Attracting Major Investments from the Trump Group?
Synopsis
Key Takeaways
- Trump Media and Technology Group plans a ₹1 lakh crore investment.
- Bharat Future City aims for a sustainable urban environment.
- Telangana is recognized as one of India's fastest-growing states.
- Chief Minister Reddy emphasizes a people-first governance approach.
- Investment reflects Telangana's ambition to be a global hub for innovation.
Hyderabad, Dec 8 (NationPress) As the Congress party intensifies its criticism of Prime Minister Narendra Modi regarding repeated assertions by the US that President Donald Trump facilitated peace between India and Pakistan, the ruling Congress in Telangana is actively securing substantial investments from the Trump organization.
On Monday, Eric Swider, the Director of Trump Media and Technology Group, revealed that the firm intends to invest a staggering Rs 1 lakh crore in the forthcoming Bharat Future City over the next decade.
This announcement was made during the launch of the Telangana Rising Global Summit at Bharat Future City, located near Hyderabad.
The investment news emerged amidst ongoing critiques from the Congress party, particularly from leader Rahul Gandhi, who has voiced concerns over Trump's claims regarding his role in India-Pakistan relations.
Last week, Jairam Ramesh, Congress's general secretary for communications, stated that US Secretary of State Marco Rubio was the first to announce the unexpected halt of Operation Sindoor.
"President Trump has reiterated at least 61 times across 6 nations that it was due to his intervention that Operation Sindoor was stopped," Ramesh asserted.
During the Global Summit's inauguration, Eric Swider praised Chief Minister A. Revanth Reddy's vision for Bharat Future City, which aims to become a net-zero and smart urban environment.
“Investors seek three things: capital, meaningful impact, and the potential to influence change. Telangana’s rapid rise and Chief Minister Revanth Reddy's clear vision make it an attractive investment location,” remarked Swider.
“I believe India will spearhead global technology advancements shortly. My next decade of investment will focus on Telangana,” he expressed.
Jeremy Jurgens, Managing Director of the World Economic Forum, described Telangana as one of India’s fastest-growing states, highlighting its role as a global center for IT, finance, and life sciences, providing a solid basis for the Telangana Rising vision.
“The WEF is particularly impressed by the vision's incorporation of extensive infrastructure projects, such as AI City and Future City, alongside a commitment to fostering a sustainability-focused innovation ecosystem,” he noted in his virtual address.
He commended Chief Minister Reddy for his people-centric governance, which integrates women, youth, and farmers into a systematic approach to developing the state into a three-trillion-dollar economy.
Kailash Satyarthi, a Nobel Peace Prize laureate, praised Chief Minister Reddy's transformative leadership, noting significant achievements, including the waiver of farm loans for 20 lakh farmers and a free bus travel initiative for women.
He emphasized that Reddy’s administration is dedicated to fostering inclusive growth and promoting peace and diversity.
D. K. Shivakumar, Karnataka's Deputy Chief Minister, remarked at the Global Summit that he witnessed concepts reflecting the state's ambitious future vision.
He congratulated Chief Minister Reddy on two years of “Congress-led progress,” evident in the confidence displayed at the summit.
Shivakumar expressed Karnataka’s eagerness for collaborative growth with neighboring states, emphasizing, “We aim for collective progress as southern states, not competition. As Telangana forges its growth path, I extend my best wishes for a united and prosperous nation.”
“I initially thought Telangana was vying with Bangalore and Karnataka; however, I've realized it competes on a global scale,” he added.
Union Minister G. Kishan Reddy stated that Hyderabad is not merely a state capital but a pivotal component of the Indian economy, noting its status as an innovation hub driving the global digital economy, an IT center, and a prominent player in pharmaceuticals and defense research.