Hyderabad Airport To Have Investment Of Rs 6,300 Crores To Extend Passenger Capacity 

The Hyderabad Airport attracted a huge investment of Rs. 6,300 crores, which would be used to increase its capacity to 34 million passengers.

On the 8th of October, Mr. Antoine Crombez, the Deputy Chief Executive Officer (CEO,) of the GMR Airports Limited, said, “Rs 6,300 crores are getting invested in the Hyderabad airport to increase the Airport’s capacity to 34 million passengers.”

The statement was made during the Indo-French Investment Conclave 2021 held in Hyderabad. The conclave was attended by few French companies, doing business in Telangana. During the event, topics like growth of key industries and the official session were done. Mr. Emmanuel Lenain, the Ambassador of France to India, Mr. K.T. Rama Rao, State Minister for the Information Technology and Municipal Administration and Urban Development and Industries & Commerce Departments, Mr. Jayesh Ranjan, the Principal Secretary of Industries and Commerce and IT Departments of the Telangana Government, Sumeet Anand and Indo-French Chamber of Commerce & Industry (IFCCI) President attended the prestigious conclave.

The event 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 businesses, State authorities, diplomats, policymakers, top private sector players from India and France, multilateral agencies and eminent industry experts.

On this occasion, the Ambassador of France to India, Emmanuel Lenain said: “France 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 groups have already invested in Telangana, particularly in biotech, IT and aeronautics. These Indo-French business endeavours in key sectors in Telangana also help to strengthen the strategic partnership between our two countries.” He added, “In this respect, I am proud that French companies demonstrated exceptional solidarity with Telangana during the second wave of Covid-19 by contributing to a French-made world-class oxygen generator plant to the Telangana Institute of Medical Sciences.”

Mr. K.T. Rama Rao said, “Telangana is one of the fastest-growing states in the country. Since the formation of the State, the Telangana Government has been introducing innovative policies to attract global firms and investments.”

The conclave concluded with the speech of Mr. K.T. Rama Rao who said, Telangana is slowly growing in terms of industries and witnessing investment from French companies.

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