NITI Aayog CEO said summit was meant to help create an enabling ecosystem where entrepreneurs can innovate, forge global partnerships and grow.
Business News : Hyderabad, the capital of Telangana, is all dressed up to welcome Ivanka Trump, who’s leading the US delegation for the eighth edition of the Global Entrepreneurship Summit. From Taj Falaknuma, venue for state dinner to be hosted by Prime Minister Narendra Modi, to Hitec City, where the summit is being organised for the next three days, Ivanka is the theme. But that’s not the only global attention that the city has been getting.
A senior official in the Telangana government pointed out that leading global brands such as Amazon, Walmart and IKEA are investing top dollars here. American retail major Walmart, which set up its first Hyderabad store a few years ago before Telangana happened, is gearing up to open two to three more cash and carry outlets in the city.
GES 2017: Ivanka Trump Reaches Hyderabad
“Hyderabad is a three-to-four-store market for Walmart,” a company executive told Business Standard. There’s no other city in India that Walmart has so far identified as a three-to-four-store market. Agra and Bhopal have two Walmart stores each and that’s the highest so far for any city.
Seattle-based e-commerce giant Amazon, too, has been upbeat on Telangana. The Jeff Bezos-led group set up India’s biggest fulfilment centre in Hyderabad some six months ago, spread over nearly 400,000 sq ft with close to 2.1 million cubic feet of storage space. Along with this, Amazon has five fulfilment centres in Telangana offering around 3.2 million cubic feet of storage. Also, its biggest campus, anywhere outside the US, will be ready at Gachibowli (Hyderabad) in 2019.
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