Telangana attracts Rs 1.78 lakh crore investments at World Economic Forum in Davos

Hyderabad: The 'TelanganaRising' delegation, led by Chief Minister A Revanth Reddy, concluded its Davos trip to attend the World Economic Forum (WEF) annual meeting on Thursday with a total investment of Rs 1,78,950 crore, which will create 49,550 jobs.

The biggest individual investments breakup broadly includes Amazon (AWS) - Rs 60,000 crore, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore, Megha Engineering - Rs 15,000 crore, among others.

Software majors made major decisions, including HCL (5,000 jobs), Infosys (17,000), Wipro (5,000) making a 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.

Interestingly, the state also scored huge pioneering steps in agriculture facing industry, including getting Unilever to give a go ahead for two manufacturing units, and several others. 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 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,” Chief minister A 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.