Telangana showcased its investment appeal on the global stage, securing an impressive array of investment proposals totaling around Rs 36,670 crore at the World Economic Forum (WEF) Annual Summit in Davos. The state government formalized its commitment to these proposals by signing memorandums of understanding (MoUs) with six prominent companies during the second day of the summit.
Chief Minister A Revanth Reddy, accompanied by IT and Industries Minister D Sridhar Babu, engaged with key industry leaders during sideline meetings at the WEF Annual Summit. Notable personalities included Gautam Adani, Chairman of Adani Group, Nadir Godrej, Chairman and Managing Director of Godrej Industries, Sajjan Jindal, Chairman of JSW Group, Manni Kantipudi, Whole-time Director and CEO of Aragen Life Sciences, Mahesh Godi, Founder and CEO of GODI India Private Limited, William Meaney, CEO of Iron Mountain, and Nikhil Rathi, CEO of Web Werks.
Adani Group emerged as a major contributor, committing investments amounting to Rs 12,400 crore across various sectors. Adani Green Energy proposed investments of Rs 5,000 crore for two Pumped Storage Projects, while AdaniConneX Data Center pledged Rs 5,000 crore for a Data Center campus. Ambuja Cements, another Adani Group entity, announced a Rs 1,400 crore investment for a Cement Grinding unit, and Adani Aerospace and Defence committed Rs 1,000 crore for Counter Drone Systems and Missile Development.
Godrej Group expressed its commitment to establishing a Rs 1,000 crore chemical plant in Telangana, along with the creation of India’s first commercial oil palm seed garden in Khammam. The oil palm seed garden, with a capacity to produce 7 million saplings annually, aligns with Godrej’s larger investment of Rs 270 crore in the first phase for an integrated oil palm processing complex.
JSW Neo Energy, a subsidiary of JSW Energy, unveiled plans for a Rs 9,000 crore pumped storage project with a capacity of 1,500 MW. GODI India Private Limited announced a groundbreaking investment of Rs 8,000 crore for a Lithium and Sodium Ion cell manufacturing facility and related technologies R&D.
Aragen Life Sciences, focusing on Hyderabad’s prominence in drug discovery, disclosed an expansion plan for its Mallapur facility in Telangana, involving a fresh investment of Rs 2,000 crore and the creation of 1,500 new jobs.
Web Werks, a subsidiary of Iron Mountain, is set to establish a 10 MW networking-heavy data center in Hyderabad with an ongoing investment of Rs 4,000 crore in a greenfield Hyperscale Data Centre.
Chief Minister Revanth Reddy extended a warm welcome to the investors, assuring the state government’s unwavering support for these ventures. He emphasized Telangana’s conducive business environment and commitment to facilitating industrial growth, stating, “We have successfully shown to the business world that Telangana means business.”
IT and Industries Minister D Sridhar Babu, Principal Secretary for IT and Industries Jayesh Ranjan, and Special Secretary for Investment Promotion Vishnu Vardhan Reddy were also present, reaffirming the state’s dedication to fostering a vibrant business ecosystem, robust infrastructure, and a talented workforce. The substantial investments mark a significant stride towards realizing Telangana’s vision for elevated industrial growth.
