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Hyderabad poised to enter the big league

Hyderabad: The Telangana government is leaving no stone unturned to make the forthcoming Global Entrepreneurship Summit (GES) 2017 strike a chord with visiting delegates and ensure that Hyderabad becomes synonymous with investment destination.

With a long list of major international events hosted in the city during the past and at least three other national and international events scheduled over the next three months, authorities hope that the Summit will further boost Brand Hyderabad, making it a go-to destination for investors.

Adding to the glitter of the global event, Hyderabadis can also boast about being proud owners of Hyderabad Metro Rail. It is not only credited with the longest inaugural stretch for any Indian city, but is also recognised as the world’s largest Metro rail under public-private partnership. Prime Minister Narendra Modi will inaugurate the much-awaited project on Tuesday before participating in GES 2017.

Hyderabad achieved the distinction of becoming the first Indian city to host GES, beating eight other Indian cities. Besides having good MICE infrastructure and pleasant weather, Hyderabad’s growth as a key centre for entrepreneurship and startups is learnt to have worked in its favour.

IT and Industries Minister KT Rama Rao and his team of officials have not only made grand arrangements to showcase Hyderabad as an international hub for investments, but also promote Telangana culture and hospitality. Officials hope to make a lasting impression on the delegates and attempt to turn them into prospective investors. “This is the first international event in its true form, after the State was formed. There could not be a better opportunity for us to showcase our strengths as an investment destination,” said an official from Telangana State Industrial Infrastructure Corporation (TSIIC).

On the second day of the Summit, Rama Rao is scheduled to participate in a panel discussion with US Government Advisor Ivanka Trump, former UK Prime Minister Tony Blair’s wife Cherie Blair and ICICI Bank chief executive officer and managing director Chanda Kochhar. He is expected to give a detailed presentation on the rapid development of Telangana, highlighting its unique industrial policy, TS-iPASS, and its positive impact on industrial and economic growth of the State within a short span.

The Minister will also participate in an interactive session with delegates and clarify their queries on investment opportunities in the State. He is also scheduled to meet the industry’s bigwigs as well as young entrepreneurs, including one-on-one business meetings, to attract investments to the State.

As a host State, officials said the government wants to exploit GES and seek investment into all 14 priority sectors identified under the industrial policy. They hope that the Summit would boost hospitality and service sectors in the State. The government will also display its sectoral development and infrastructure besides quality manpower and incentives offered by the government. Brochures have been readied for distribution to the delegates upon their arrival to promote Telangana, especially Hyderabad.

About 300 investors and venture capitalists are expected to take part in the event where they can interact with 1,200 budding entrepreneurs. Officials said majority of these investors and entrepreneurs are likely to be looking for avenues for fresh investments and expansion of their existing ventures. “We have several one-on-one business meetings lined up on the sidelines of the panel discussions and other events. We are expecting at least one-fourth of these meetings to develop into successful business partnerships, which would be a major boost for Hyderabad as a global destination for investments,” another official from the Industries department said.
The government will also announce the launch of the much-awaited Rs 100 crore T-Fund for startups in Telangana during the Summit, he added.

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