Hyderabad airport to get investment of Rs 6300 cr for growth


< img src ="https://timesnewsnow.com/wp-content/uploads/2021/10/fKeipv.jpeg"class ="ff-og-image-inserted"> Hyderabad: Hyderabad airport will get Rs 6,300 crores to increase its capacity to 34 million guests, revealed Antoine Crombez, Deputy CEO, GMR Airports Ltd at the Indo-French Financial Investment Conclave 2021 in Hyderabad on Friday.

“Rs 6,300 crores are getting purchased the Hyderabad airport to increase the Airport’s capacity to 34 million guests,” said Crombez.

The conclave on Friday started with website visits to French business that are effectively operating in the state such as Safran Aircraft Engines, Mane India and Sanofi Shantha Biotech. The conclave consisted of several panel discussions focusing on crucial industries and the main session was attended by Emmanuel Lenain, Ambassador of France to India, KT Rama Rao, State Minister for IT, E&C, Municipal Administration and Urban Advancement and Industries & & Commerce Departments, Jayesh Ranjan, Principal Secretary of Industries and Commerce and IT Departments of the Telangana Federal Government, Sumeet Anand, Indo-French Chamber of Commerce & & Industry (IFCCI) President.

The occasion was supported by the French Embassy in India, Government of Telangana, CCEF – French Foreign Trade Advisors, CII, French Tech, Business France and brought together more than 100 Chief Experience Officers (CXOs) of French and Indian organizations, State authorities, diplomats, policymakers, leading private sector players from India and France, multilateral agencies and eminent industry specialists.

On this celebration, the Ambassador of France to India, Emmanuel Lenain said: “France and French business are totally dedicated to increasing their existence in Telangana and seizing the many opportunities of this thriving, innovation-oriented state. Numerous French groups have actually currently purchased Telangana, particularly in biotech, IT and aeronautics. These Indo-French company endeavours in key sectors in Telangana also assist to strengthen the tactical partnership in between our two nations.”

He added, “In this respect, I am proud that French business demonstrated remarkable solidarity with Telangana throughout the 2nd wave of Covid-19 by contributing to a French-made first-rate oxygen generator plant to the Telangana Institute of Medical Sciences.”

KT Rama Rao, Minister for IT, E&C, MA&UD and Industries & & Commerce Departments said, “Telangana is among the fastest-growing states in the nation. Considering that the formation of the State, the Telangana Federal government has actually been introducing innovative policies to bring in global companies and financial investments.”

Highlighting the TSiPASS policy, the Minister mentioned that the Telangana federal government has been giving approvals for various financial investment proposals within fifteen days. He included that through this policy, the federal government has brought in crores of investment to the state and has created lakhs of job opportunity in the region.

Rao also mentioned that Telangana has actually been a preferred location for IT, Aerospace, Life Sciences, and Pharma business. He stated that Telangana is home to numerous French companies. He added that many more companies from France are showing interest in purchasing Telangana.

Published at Sat, 09 Oct 2021 00:59:41 -0500