Revanth Reddy pushes firms to operationalise MoU investments in Telangana

Hyderabad: Chief Minister A. Revanth Reddy directed companies to operationalise MoU investments in Telangana and asked officials to ensure all necessary support.

He reviewed the status of agreements signed at global platforms, including Davos and the Telangana Rising Global Summit. The Chief Minister held the review at a high-level meeting with senior officials.

Industries and IT Minister Duddilla Sridhar Babu, Chief Secretary K Ramakrishna Rao, and other officials attended the meeting. During the discussion, he suggested steps to accelerate execution.

MoU investments in Telangana to be tracked through a real-time dashboard

The Chief Minister asked officials to classify companies into three categories. He said well-established firms should receive priority to speed up implementation.

Officials presented details of projects that have already grounded investments. They also shared updates on pending proposals and land allocation across regions, including Bharat Future City.

He directed departments to complete pending land acquisition works quickly. Meanwhile, he asked officials to plan infrastructure and assess future requirements.

He suggested using treated water from STPs to meet the needs of data centres. In addition, he instructed officials to expedite work in Future City and monitor progress regularly.

The Chief Minister said officials should engage with companies that have completed initial processes. Accordingly, they must organise foundation stone ceremonies without delay.

He also called for a real-time dashboard to track MoU details, including timelines, investment size, job creation, and implementation status. Further, he said the system should help identify bottlenecks quickly.

He directed officials to establish a dedicated monitoring mechanism under a senior IAS officer. At the same time, he reviewed the progress of IT towers in Tier-2 and Tier-3 cities.

He also examined projects funded by JICA in the IT and industrial sectors and suggested measures to improve execution.