Telangana government moves quickly to attract investments

Telangana government moves quickly to attract investments
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Hyderabad: Telangana has reached a major milestone in attracting investments. In the last 17 months, the state, under Chief Minister A Revanth Reddy’s leadership, secured investments worth ₹2.44 lakh crore. This includes ₹12,000 crore from his recent visit to Japan. Officials said this is the first time Telangana has received such large-scale global investments during a CM’s foreign tour. These investments are expected to create over 80,000 jobs, with Japanese companies alone contributing 30,500 of them.

During the CM’s seven-day visit to Japan, the Telangana delegation signed several important agreements. One of the major deals was with Marubeni Company, which will invest ₹1,000 crore to build a next-generation industrial park in Hyderabad Future City. This project is expected to create 30,000 jobs.

Other key agreements include NTT Data and NEISA setting up an Artificial Intelligence Data Center Cluster in Hyderabad with an investment of ₹10,500 crore. Toshiba Transmission Distribution Systems India will build a factory for electrical equipment in Rudraram, investing ₹562 crore. Additionally, TERN and Raj Group have partnered with TOMCOM to provide 500 job opportunities in Japan.

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Since Revanth Reddy became Chief Minister, a special team in his office has been working to invite global investors and promote Telangana as a hub for both manufacturing and services industries.

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In January 2024, during the World Economic Forum Summit in Davos, Telangana signed MoUs worth ₹1.78 lakh crore — the highest ever in the state’s history. The global companies involved are expected to generate nearly 50,000 jobs.

Also in January, the Telangana team visited the USA, South Korea, and Singapore, where they secured investment deals worth ₹14,900 crore. The CM’s first foreign visit after taking office in December 2023 was to Davos, where he presented the ‘Telangana Rising’ vision. That visit alone brought in ₹40,000 crore in investment.

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Officials confirmed that all the projects will move forward as planned, based on the agreements signed with the companies.

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