Centre gives approval to fund World Trade Centre project in Hyderabad

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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