Telangana Secures ₹31,500 Cr Investment, 30,750 Jobs in Revanth's US Tour
Hyderabad: The Chief Minister A Revanth Reddy concluded his highly successful business tour of the United States on a high note, securing over Rs 31,500 crore investment plans and that would bring over 30,750 new jobs. The Chief Minister-led team Telangana concluded his first official visit to the USA on a high note, left for South Korea.
During the visit to the USA, the Chief Minister and his team held over 50 business meetings, three roundtable meetings and several field visits. The tour concluded 19 investment deals/MOUs, totalling an investment of 31,500 crore and 30,750 new jobs for the State. The Chief Minister pitched Telangana as Future State and Hyderabad 4.0 to American businesses.
The delegation, comprising IT and Industries Minister D. Sridhar Babu, and officials, during over 50 business meetings and three Roundtable Conferences in New York, DC, Dallas and California, got massive reiteration and support for various major initiatives including creation of a Future City, AI City, rejuvenation of Musi River, and the zealous pitch to shape Telangana as the right fit for the quest of America, Inc. for a China plus one alternate.
The delegation held Roundtable Conferences on business, AI and semiconductors, spanning coast to coast, and also met with CEOs, founders and business alliances and groups, inviting them to come to Hyderabad and consider Telangana in their future plans.
The delegation pitched Hyderabad and Telangana to business heads and investors across different sectors and closed new and expansion deals in IT, GCC, Lifesciences, Pharma, Data Centers, AI, Cloud and Data Centers, Electric Vehicle and batteries, green energy, FMCG and manufacturing.
The major announcements in the IT sector include the Charles Schwab GCC, one of America’s leading financial sector corporations. The Trinet deal opens major forays ahead in the HR solutions sector. The significant expansion announcements by global IT major Cognizant, and Arcesium, reinforced the edge of Hyderabad in the IT/GCC space. The pharma/life sciences sector saw fresh investments from nearly a dozen American companies.
The MoU with Corning on skilling and flow chemistry reiterates the company's commitment to grow in Telangana and also reinforces the city’s R&D capabilities. The announcement by Amgen, a top biotech company, to set up a new R&D tech facility is a major breakthrough for Hyderabad. New GCC by Zoetis Inc, leader in animal health sector, and significant expansions by HCA and Thermosphere are set to give a further boost to the life sciences ecosystem of Telangana.
Another major takeaway of the visit was the decision by Amazon to make significant expansions in their data center presence in Hyderabad and use the city as a hub in a big way to drive their India presence. Aurum Equity too made a significant announcement to set up an AI-powered green data center.
Monarch Tractors adds a crucial fillip to our Telangana’s ambition of growing in high-end manufacturing. The delegation led by the Chief Minister Revanth Reddy also engaged with Apple, Google, Stanford University.
Before leaving for South Korea, Revanth Reddy at the Bay Area, California, USA, said that the trip opened a myriad of areas for accelerated partnerships, setting new horizons and showcasing our wealth of potential for newer opportunities. From our plans in AI to building the Future City, corporations, startups, business leaders, tech and business associations and influencers have agreed to take our breathtaking vision to more people.
D. Sridhar Babu, IT and industries minister, said that they have exceeded their goals, which were audacious to begin with. "I am delighted we could generate so much excitement in the American business world, which will lead to a Multi-fold impact on investments and new jobs. The pipeline ahead is exciting. We will rigorously follow up to ensure many more closures in coming months.” the Minister said.
