KTR Concludes His US Tour

Industries and IT minister K.T. Rama Rao’s 7-day tour to the US concluded by attracting more investments in the state by US-based companies.

Advent International, a private equity firm, promised to invest Rs 1,750 crore in life sciences and pharmaceutical sectors in Telangana. KTR had been visiting different cities in the US and meeting several industries, investment leaders, and the Indian diaspora, drumming up support for the state.

The Minister also invited several companies to come forward and invest in the state. Rama Rao said the Telangana government welcomed these investments and will work with Advent and added that he hoped the US-based company would also make other investments in Telangana.

Similarly, Telangana Industries and IT Minister, during his meeting with New Jersey-based Slayback Pharma, was informed by its founder Ajay Singh that over the next 3 years, the company would invest Rs 1,500 crore in the state.

This will be in addition to the approximately Rs 2,300 crore Slayback invested in the Pharma sector in the state in the past 5 years.