Hyderabad, Jan 23 (KNN) A delegation led by Telangana IT and Industries Minister K T Rama Rao has been successful in attracting investments worth Rs 21,000 crore at the annual World Economic Forum (WEF) meeting in Davos, Switzerland.

When the global economy is on the brink of recession, Telangana managed to bag some big-ticket investments. The Telangana delegation was successful in showcasing the state as a global investment destination and gateway to India, an official release said on Saturday.

As per reports, Rao met with the Indian diaspora in Zurich and highlighted the progress of Telangana to the NRIs in Switzerland.

Rao pointed out that bringing huge investments to the state and thereby creating employment is the driving force. "I believe that all the new investments and meetings regarding prospective investments will yield favourable outcomes," he added.

The Telangana delegation comprised Principal Secretary, IT and Industries Departments Jayesh Ranjan; Special Secretary, Investment Promotion and NRI Affairs E Vishnu Vardhan Reddy; Director, Lifesciences Shakti Nagappan; Director, Automotives Gopal Krishnan; Chief Relations Officer, Amarnath Reddy Atmakuri; and Director, Digital Media Dileep Konatham.  (KNN Bureau)