Telangana's Economic Triumph: Securing Rs 5.75 Lakh Crore in Investment Deals Over Two Days
Hyderabad: Telangana's Global Summit showcased an impressive investment haul, attracting commitments totaling Rs 5.75 lakh crore over just two days. This achievement builds upon the initial Rs 2.43 lakh crore secured on Day 1, solidifying Telangana's position as a major investment destination. The summit's second day focused on capital-intensive infrastructure projects, including data centers, power and green energy, aerospace & defense, life sciences, tourism, sports, entertainment, and green mobility.
Chief Minister A Revanth Reddy expressed his vision of transforming Telangana into a $3 trillion economy by 2047, contributing 10% to India's GDP. He emphasized an inclusive development approach, addressing the needs of farmers, women, youth, Dalits, Adivasis, minorities, and the most vulnerable. Reddy described the 'Telangana Rising 2047' vision document as a social contract, driven by responsibility and accountability.
Among the significant projects signed on Day 2 were data centers, with Infrakey Datacenter Parks committing Rs 70,000 crore for a 1GW AI data center. AGIDC of Singapore plans a major international gateway data center, investing Rs 67,500 crore, further solidifying Telangana's global digital gateway status. JCK Infra Projects Ltd pledged Rs 9,000 crore for an AI City and township within the Bharat Future City blueprint. Zen Technologies, a homegrown aerospace and defense company, committed Rs 5,000 crore, while Biologicals E Ltd signed a Rs 4,000 crore expansion and R&D hub project. RCT of Germany invested Rs 2,500 crore in a battery energy storage system (BESS) container facility.
In green mobility, KGV Karishma Global Ventures invested Rs 1,100 crore for the world's first plug-in hybrid motorbike manufacturing. Mahindra & Mahindra plans a Rs 500 crore investment over four years to expand Zaheerabad operations, focusing on electric tractors and a greenfield engine shop. Bharath Garuda secured Rs 2,100 crore for a new car manufacturing project.
Telangana's appeal to global investors was further strengthened by the establishment of Zurich Insurance and Canadian Imperial Bank of Commerce's first India global capability centers (GCCs) in Hyderabad. Maximus chose Hyderabad for its global public sector technology & operations hub. The tourism sector witnessed unique projects, including India's first artificial beach by Fluidra, Damera Infra, and CFS Fortune Hospitality, along with a Maldives-like wellness retreat near Himayatsagar, both investments totaling Rs 1,100 crore.
An MoU with Lallooji & Sons, experts in Kumbh Mela, was signed for a luxe glamping and eco-adventure project at Kotwalguda, valued at Rs 106 crore.
