To promote Telangana as a strategic alternative to China for U.S. investments, the CM secured ₹315 billion investment plan, fostering innovation in various technological sectors.
Telangana Chief Minister A. Revanth Reddy has wrapped up a highly successful business tour of the United States, securing investment commitments worth ₹315 billion. This substantial investment is projected to create over 30,750 new jobs, significantly boosting the state’s economic development.
The Chief Minister, accompanied by IT and Industries Minister D. Sridhar Babu and other officials, held over 50 business meetings and participated in three roundtable conferences in major U.S. cities, including New York, Washington, DC, Dallas, and California. During the tour, the delegation concluded 19 investment deals and memorandums of understanding (MOUs).
The visit’s focus was on highlighting Telangana’s potential for accelerated partnerships and innovation, particularly in emerging sectors like Artificial Intelligence (AI) and Future City projects.
The Memorandum of Understanding (MoU) with Corning on skilling and flow chemistry reiterates the company’s commitment to grow in Telangana and reinforces the city’s R&D capabilities.
The announcement by Amgen, a top biotech company, to set up a new R&D tech facility is a significant breakthrough for Hyderabad. A new GCC by Zoetis Inc., the leader in the animal health sector, and significant expansions by HCA and Thermofisher are set to boost Telangana’s life sciences ecosystem further.
In the realm of data centres, Amazon announced substantial expansions in their data centre presence in Hyderabad, intending to use the city as a hub to drive their India presence. Aurum Equity also announced plans to set up an AI-powered green data centre, adding to the state’s growing reputation as a hub for high-end manufacturing.
The delegation extended its engagements to tech giants like Apple and Google and academic institutions like Stanford University. These interactions will further strengthen Telangana’s position as a leading investment destination in several sectors.
