Telangana Secures Rs 31,500 Crore Investment Boost from US Tour

Telangana's Chief Minister A Revanth Reddy and his team concluded their US business tour, securing investment commitments worth Rs 31,500 crore. This investment will create over 30,750 jobs in the state. The delegation engaged with various sectors, including IT, Pharma, and Life Sciences, and pitched Hyderabad and Telangana as prime investment destinations.

Telangana Chief Minister A Revanth Reddy and his team have successfully concluded a productive business tour of the United States, securing investment commitments exceeding Rs 31,500 crore. This significant influx of funds is projected to generate over 30,750 new jobs in the state.

The delegation, which included IT and Industries Minister D Sridhar Babu and other officials, participated in more than 50 business meetings and three roundtable conferences across New York, Washington DC, Dallas, and California. These efforts culminated in 19 investment deals and Memorandums of Understanding (MOUs), focusing on sectors such as IT, GCC, Life Sciences, Pharma, Data Centres, and AI.

During their tour, the team promoted Hyderabad and Telangana as leading investment hubs to influential business leaders and investors. They also emphasized major initiatives like the development of a Future City and AI City, and the rejuvenation of the Musi river. Prominent engagements included meetings with tech giants Apple and Google, as well as Stanford University.

Before departing for South Korea, Revanth Reddy stated, "The trip opened myriad 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."

(With inputs from agencies.)