States

Hyderabad airport will get huge investment, passenger capacity will increase to 34 million

Hyderabad: Hyderabad airport will receive Rs 6,300 crore to increase its capacity to 34 million passengers, announced Antoine Crombez, deputy CEO of GMR Airports Ltd, at the Indo-French Investment Conclave 2021 in Hyderabad on Friday.

“Rs 6,300 crore is being invested to increase the capacity of Hyderabad airport to 34 million passengers,” Crombez said.

The conclave began on Friday with a site visit to French companies that are successfully operating in the state such as Safran Aircraft Engines, Mane India and Sanofi Shantha Biotech.

The conclave included several panel discussions focused on key industries and the official session was attended by French Ambassador to India Emmanuel Lenin, Ministers of State for IT, E&C, Municipal Administration and Urban Development and Industries and Commerce Departments KT Rama Rao, Jayesh Ranjan had participated. Sumeet Anand, Principal Secretary, Industries and Commerce and IT Departments of Government of Telangana, President of Indo-French Chamber of Commerce and Industry (IFCCI).

The program was supported by the French Embassy in India, Government of Telangana, CCEF – French Foreign Trade Advisory, CII, French Tech, Business France and over 100 Chief Experience Officers (CXOs) of French and Indian businesses, state officials brought together. Diplomats, policy makers, top private sector players from India and France, multilateral agencies and eminent industry experts.

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On the occasion, Ambassador of France to India, Emmanuel Lenin said: “French and French companies are fully committed to increasing their presence in Telangana and seizing the many opportunities of this thriving, innovation-oriented state. Many French conglomerates We have already invested in Telangana, especially in Biotech, IT and Aeronautics. These Indo-French business efforts in key sectors in Telangana also help strengthen the strategic partnership between our two countries.

He further said, “In this regard, I am proud that French companies have demonstrated exceptional solidarity with Telangana during the second wave of COVID-19 by contributing to the French-built world-class oxygen generator plant at Telangana Institute of Medical Sciences. “

KT Rama Rao, Minister for IT, E&C, MA&UD and Industries and Commerce Departments said, “Telangana is one of the fastest growing states in the country. Since the formation of the state, the Telangana government has taken innovative policies to attract global Introducing. Firm & Investments.”

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Throwing light on the TSIpass policy, the Minister said that the Telangana government is clearing various investment proposals within fifteen days. He said that through this policy the government has attracted crores of investment in the state and created lakhs of employment opportunities in the region.

Rao also mentioned that Telangana has been a preferred destination for IT, aerospace, life sciences and pharma companies. He said that Telangana is home to many French companies. He said that many more French companies are showing interest in investing in Telangana.

By Naveen Bharat Staff

 

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