Telangana Signs Big Deals in Davos

 Hyderabad: Telangana recorded a major milestone at the World Economic Forum 2026 in Davos by signing multiple memoranda of understanding (MOUs) and securing investment commitments worth nearly Rs 30,000 crore, highlighting the state’s position as a fast-emerging global investment destination.

The MoUs and partnerships reflected the state government’s focus on building a future-ready economy aligned with the Telangana Rising 2047 vision, which aims to transform Telangana into a $3-trillion economy by 2047.

The outcome at WEF in Davos came close on the heels of the Telangana Rising Global Summit in Bharat Future City in December 2025, where investment commitments of Rs 5.75 lakh crore were secured, underscoring sustained global confidence in the state’s policy framework, governance model and growth strategy.

The state government signed a major MoU with Rashmi Group, a prominent Indian industrial conglomerate, entailing an investment of Rs 12,500 crore to set up a steel production unit in Telangana.

The project has the potential to create around 12,000 direct and indirect jobs and significantly strengthen the state’s manufacturing ecosystem. The collaboration also opens opportunities in green manufacturing, circular economy practices, energy-efficient steelmaking, waste heat recovery and sustainable resource utilization, aligning heavy industry growth with Telangana’s net-zero aspirations.

The state also entered into an MoU with Blaize, a California-based company specialising in energy-efficient AI hardware and full-stack software solutions. The agreement focuses on accelerating Telangana’s initiatives in electronics, semiconductors and artificial intelligence, with particular emphasis on scaling Blaize’s existing R&D and engineering centre in Hyderabad. This partnership strengthens Telangana’s ambition of becoming a global hub for AI innovation, advanced hardware development and next-generation computing infrastructure.

Telangana also signed an MoU with Dubai Multi Commodities Centre to explore cooperation for startup development, cross-market exposure and ecosystem building. This agreement will help Telangana startups access international markets, global mentorship networks and investment opportunities while strengthening Hyderabad’s position as a global startup hub.

In the clean energy and sustainability sector, Slovakia-based NUkler Products submitted an Expression of Interest for developing a Small Modular Reactor-based clean energy project in Telangana with an installed capacity of up to 300 MW and an estimated investment of `6,000 crore. Though at the EOI stage, this initiative represents a strategic step toward advanced nuclear-based clean energy infrastructure, supporting Telangana’s long-term net-zero goals.

US-based Sargad signed an MoU with the Telangana government to invest up to `1,000 crore over the next three to five years in advanced manufacturing and industrial ecosystems. The company expressed interest in establishing an aviation Maintenance, Repair and Overhaul facility in Telangana, potentially linked to upcoming airports in Warangal and Adilabad. This investment is expected to strengthen aerospace and defence manufacturing capabilities while creating skilled employment opportunities.

The UAE government and Telangana agreed to collaborate on the development of Bharat Future City as a top global city. The partnership focuses on large-scale urban infrastructure development, smart city planning, sustainability, food security collaboration and rural-agriculture integration. The two sides also proposed the creation of a joint task force to ensure faster implementation of projects linked to this flagship initiative, which is envisioned as India’s first net-zero greenfield smart city spread over 30,000 acres.

In the consumer and FMCG sector, AB InBev announced its decision to expand its existing facility in Telangana with significant new investments, strengthening the state’s industrial base and enhancing revenue generation. Unilever expressed interest in exploring the establishment of a Global Capability Centre in Hyderabad and aligning its sustainability goals with Telangana’s renewable energy, water stewardship and circular economy initiatives.

In the beauty-tech sector, L’Oréal confirmed plans to set up the world’s first beauty-tech Global Capability Centre in Hyderabad, scheduled for inauguration in November 2026. While this was announced as an investment commitment rather than a formal MoU, it represents a major milestone in diversifying Telangana’s GCC ecosystem into new technology-driven domains.

Cumulatively, the MoUs and investment commitments signed at WEF 2026 highlight Telangana’s multi-sectoral growth strategy encompassing AI, data centres, steel manufacturing, semiconductors, clean energy, skilling, healthcare AI, startups, and sustainable urban development.

The agreements demonstrate the state’s balanced approach of combining industrial expansion with digital innovation, sustainability and human capital development. By focusing on high-impact partnerships rather than short-term transactional investments, Telangana has positioned itself as a long-term strategic partner for global enterprises, reinforcing the credibility and global resonance of the Telangana Rising 2047 vision.