The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be the third city in the country to have a WTC. WTCs are currently located in 100 countries. The government plans to set up WTC in PPP mode on the city’s outskirts. It will seek a licence from the World Trade Centres Association (WTCA). The WTCA, headquartered in New York City, was established in 1970 as a non-profit organisation to promote growth of international trade.
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