HYDERABAD: Telangana Chief Minister K Chandrasekhar Rao today urged Klaus Schwab , the Executive Chairman of World Economic Forum , to hold the next WEF annual conference in Hyderabad.Schwab has responded "positively" to the proposal."They both had discussions for about 30 minutes. Among others, CM had requested Klaus Schwab to host WEF annual conference in Hyderabad for which there was a positive response from him. CM briefed him on various economic and social aspects of Telangana state, including significance of Hyderabad city in India," a press release issued by the government said.The CM also met Prime Minister of Mongolia, IT minister of China and Deputy Prime Minister of Russia among others, the release stated.KCR and Schwab exchanged ideas about promoting economic development.Rao explained the Single Window Industrial Policy of Telangana and how the new policy has attracted approximately Rs 12,000-crore investments from 52 industrial companies in less than three months into the state."I enjoyed meeting the Chief Minister of a state renowned for social and economic innovations in India. We look forward to his participation at our Annual Meeting of New Champions in China," Schwab said.Since its inception in 1971, the World Economic Forum has become the world's foremost multi-stakeholder organization and has been a driver for reconciliation efforts in different parts of the world, as well as the catalyst of numerous public-private partnerships and international initiatives.During the morning session today on urban development challenges, the Chief Minister lucidly explained his vision on Hyderabad development. He shared his ideas and experiences with Mayors and vice mayors of very important Chinese cities like Guangzhou, Yuwi etc.CM has requested help for Telangana in sharing their experience and expertise on city developments, the release added.