Chief Minister A. Revanth Reddy-led TelanganaRising delegation concluded its tour of World Economic Forum (WEF) at Davos by attracting huge investments of ₹1.78 lakh crore that intends to create employment opportunities for 49,550 people.
Mr. Reddy, accompanied by Industries and IT Minister D. Sridhar Babu and senior bureaucrats, made a strong pitch for investment at the WEF and succeeded to a large extent in convincing global players to look at Telangana. The biggest individual investments breakup broadly includes Amazon (AWS) — ₹60,000 crore, Sun Petrochemicals — ₹45,500 crore, Tillman Global Holdings — ₹15,000 crore, Megha Engineering — ₹15,000 crore, among others, according to a release from the Chief Minister’s office on Thursday.
Software majors such as HCL (5,000 jobs), Infosys (17,000), Wipro (5,000) announced huge chunk of new high-end jobs in the city of Hyderabad. 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. The State received a shot in the arm when Unilever gave its go ahead for two manufacturing units. Green energy and pump storage are sectors with clear scope for rapid growth ahead for the State. “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-19 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,” Mr. Revanth Reddy explained at several fora in WEF, Davos.
“The vision of making Telangana a $1 trillion SDGP 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 illustrious events on Urban Mobility, Regenerative and Circular Spaces, and Nation Strategies, the Chief Minister Revanth Reddy detailed on his key projects such as infrastructure, mobility, opportunities, and sustainability, Metro Rail expansion, Regional Ring Road, Railway, Radial Roads, new airports, Musi river rejuvenation, Electric Vehicle promotions, Skills University, among others.
“For the global and investor fora, message is simple — Telangana Means Business. But at a deeper level, we are growing economy for our people – to create jobs, increase income and business opportunities, and provide more and better welfare,” he added.
Published – January 23, 2025 07:50 pm IST
