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రేవంత్ KTR ను జైలుకు పంపి CM చేస్తారా? || Will Revanth send KTR to jail and make him CM? ||
KTR Defends Formula E Race In Hyderabad Amid Criticism: A Game-Changer?
KTR mentioned that the Formula E event brought approximately Rs 700 crore in economic benefits and attracted investments worth around Rs 15,000 crore, creating thousands of job opportunities, a statement from the release said
KTR addressed accusations from Congress leaders and certain media outlets, asserting that he has devoted substantial time and resources to promote both the city and the state.
He stated, “If anyone intends to imprison me out of political vendetta for bringing investments to Hyderabad, creating an incredible brand for the city, and generating employment opportunities through these investments, I will not back down.”
In response to allegations of financial mismanagement, KTR clarified that around Rs 40 crore was spent by the government on the Formula E event.
He explained that the Formula E race was not just a race but part of a week-long series of events under the Telangana E-Mobility Week, which drew numerous companies to consider investing in Telangana.
KTR mentioned that the Formula E event brought approximately Rs 700 crore in economic benefits and attracted investments worth around Rs 15,000 crore, creating thousands of job opportunities, a statement from the release said.
He further noted that the funds were part of a tripartite agreement with Hyderabad’s urban development body HMDA, FIA, and sponsors.
As a responsible government official, KTR emphasized that the Telangana government had made the decision to fund the Formula E race to boost Hyderabad’s brand, attract investments, and create employment opportunities.
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