Telangana secures record Rs 1.78 L crore investments

Hyderabad: The Chief Minister A. Revanth Reddy-led delegation concluded its Davos trip on Thursday with an investment of Rs 1,78,950 crore, which will create 49,550 jobs. The government signed 20 MoUs, with a majority of them for setting up data centres, followed by pumped storage facilities.

The biggest individual investments break-up broadly included Amazon (AWS) which promised to invest Rs 60,000 crore, Sun Petrochemicals Rs 45,500 crore, Tillman Global Holdings Rs 15,000 crore, and Megha Engineering Rs 15,000 crore, among others.

Software majors also made major decisions, including HCL (5,000 jobs), Infosys (17,000 jobs), Wipro (5,000 jobs) making a huge chunk of new high-end jobs in Hyderabad.

“For the global and investor fora, the message is simple — Telangana Means Business,” Chief Minister Revanth Reddy said at several events at Davos. “But, at a deeper level, we are growing the economy for our people — to create jobs, Increase income and business opportunities, and provide more and better welfare.”

Data centres were a major focus area which yielded very rich dividends for Telangana, with Amazon, Tillman, Usra, CrtlS and Sify making announcements for new facilities and expansions.

Solar cells, rocket manufacturing, aircraft interiors design and UAV manufacturing were major cutting-edge area successes and forays. Defence investments by Jindal was another big success.

Another major feature of the trip was to get big investments in private industrial parks — with Ramky Group making positive decisions to invest in integrated industrial parks, dry port and townships, and another investment from MTS Group.

Interestingly, the state also scored huge pioneering steps in agriculture facing industry, including getting Unilever to give a go-ahead for two manufacturing units, and several others. Green energy and pump storage are sectors with clear scope for rapid growth ahead for the state.

A big success of the visit was the Chief Minister’s efforts to pitch the salient features of his vision of TelanganaRising 2050 to global investors, entrepreneurs, thinkers and policy makers, which found resounding endorsement and acceptance.

“Building on core strengths of Hyderabad and Telangana in software and pharma, Telangana will now look to grow in a very big way in data centres, green energy, food processing, electric vehicles, semiconductors, among others. The world, post Covid and its deep consequences on supply chains, urgently needs a supplementing alternative to China (China Plus One), a position Telangana would aggressively and proactively like to take,” Revanth Reddy explained at several fora in WEF, Davos.

“The vision of making Telangana a $1-trillion economy would involve aggressive clustering — core urban area inside ORR for services, zone between ORR and the proposed Regional Ring Road as semi-urban zone for manufacturing, and outside the RRR as rural area for agri and food processing,” said the Chief Minister.

Speaking at three events on urban mobility, regenerative and circular spaces, and nation strategies, Revanth Reddy said his key projects were about infrastructure, mobility, opportunities, and sustainability - Metro Rail expansion, Regional Ring Railway, radial roads, new airports, Musi river rejuvenation, electric vehicle promotion, Skills University, among others.

On the last day of the Chief Minister’s visit to Davos on Thursday, Telangana bagged the biggest investment deal with Amazon Web Services (AWS) announcing to invest `60,000 crore in data centres in Telangana. Infosys announced plans to create 17,000 new jobs in Telangana by expanding its IT campus at Pocharam, Hyderabad.

Tillman Global Holdings, a US-based company, announced plans to develop a ₹15,000 crore, 300 MW state-of-the-art data center facility in Hyderabad. Ursa Clusters, a US based data centre company, announced the establishment of a state-of-the-art AI data center hub in Hyderabad.

Blackstone, a global leader in investment and infrastructure, has announced plans to establish a cutting-edge 150 MW data centre facility in Hyderabad with an investment of Rs 4,500 crore.

Akshat Greentech, a group company of Mytrah Energy, to establish a state-of-the-art solar cells and modules manufacturing facility in Telangana It announced the establishment of a 6.9 GW Solar Cells and 6.9 GW solar modules manufacturing unit in Hyderabad. The project with a proposed investment of `7,000 crores is expected to create over 2,500 direct jobs.

Eclat Health Solutions, a leading global healthcare technology and revenue cycle management company, has announced the expansion of its operations in Telangana. Eclat will establish a state-of-the-art 800-seater facility in Hyderabad, which is expected to be fully operational by April 2025.

Suhana Masala, a leading name in the Indian spice industry, along with the Ecofactory Foundation have announced plans to set up a Centre of Excellence (CoE) for spice production in Telangana.