Hyderabad: Chief Minister A Revanth Reddy led the Telangana delegation to secure investment commitments worth ₹19,500 crore during the ongoing World Economic Forum annual meeting at Davos, with a focus on industrial expansion and employment generation.
On Wednesday, the Chief Minister and ministers held meetings with global companies and finalised multiple investment agreements. The largest commitment came from the Rashmi Group, which agreed to invest ₹12,500 crore in steel and allied industries. Through this project, the state expects to create nearly 12,000 jobs.
In addition, the Telangana government signed an agreement with US-based Surgard to establish an aviation MRO facility. The project involves an investment of ₹1,000 crore and is expected to strengthen Telangana’s aerospace sector.
Meanwhile, a Slovakia–India joint venture, Solar Products, submitted an expression of interest for a ₹6,000 crore clean energy project. The proposal aligns with the state’s push towards renewable and sustainable energy development.
Revanth Reddy outlines ‘Telangana Rising 2047’ vision at Davos
During interactions at Davos, Revanth Reddy presented the ‘Telangana Rising 2047’ vision to global investors. He said the government aimed to transform Telangana into a major economic force over the coming decades.
Accordingly, the Chief Minister invited investments in key sectors such as IT, artificial intelligence, life sciences, green energy and manufacturing. Moreover, he highlighted the state’s stable policies, skilled workforce and strong infrastructure.
Officials accompanying the delegation said the discussions reflected growing global interest in Telangana. Therefore, they added, the agreements marked a significant step in advancing the state’s long-term development strategy.