Telangana bags investment deals worth over ₹40,000 cr at WEF in Davos

Adani Group, JSW, Tata technologies and others have expressed interest in making investments in Telangana, an official release said on Friday.

BySouth First Desk

Published Jan 20, 2024 | 2:10 PMUpdatedJan 20, 2024 | 7:34 PM

World Economic Forum Davos

Investment deals worth ₹40,232 crore were clinched during the three-day visit of Telangana Chief Minister A Revanth Reddy to the World Economic Forum (WEF) summit at Davos in Switzerland.

The Adani Group, JSW, Tata Technologies, BL Agro, and others have expressed interest in making investments in Telangana, an official release said on Friday, 19 January.

During two addresses at Davos as part of an exclusive World Economic Forum dialogue series with global leaders, Revanth Reddy urged world leaders to urgently collaborate to transform farming into a profitable activity, it said.


By Wednesday, 17 January, the Telangana government has sealed Memorandum of Understandings (MoUs) worth around ₹36,500 crore.

Within 15 days of engaging with the Telangana government in Hyderabad, the Adani Group has inked MoUs charting a course for investments totalling ₹12,400 crore to be infused into various sectors in Telangana over the forthcoming years.

JSW Neo Energy, a subsidiary of JSW Energy, has announced that it would set up a Pumped Storage Project in Telangana, with an investment of ₹9,000 crore.

Similarly, Web Werks, a leading IT infrastructure provider, announced ₹5,200 crore to establish data centres in Telangana while Aragen Life Sciences, which is in the manufacturing and R&D space in the life sciences sector, announced plans to invest ₹2,000 crore on its existing plant here for expansion, which will create 1,500 new jobs.

Also Read: T’gana seals investment deals worth ₹36,500 crore at WEF Davos with Adani Group, others

Breakdown of investments 

  • Adani Green Energy Ltd is committing ₹5,000 crore to establish two Pumped Storage Projects in Telangana — 850 MW at Koyabestagudem and 500 MW at Nacharam — boasting a combined capacity of 1350 MW.
  • AdaniConneX Data Centers earmarking ₹5,000 crore to develop a data centre campus in Chandanvelly, featuring a total capacity of 100 MW.
  • Ambuja Cements Ltd is investing ₹1,400 crore in a cement grinding unit in Telangana with a 6 million tonnes per annum (MTPA) capacity.
  • Adani Defence and Aerospace allocating ₹1,000 crore for Counter Drone Systems and Missile Development and Manufacturing Centres at the Adani Aerospace Park.

Medical tourism capital

In another address, the chief minister pitched Hyderabad as the city “waiting to harness the convergence of healthcare and software” to become the Medical Tourism capital of Asia.

Revanth Reddy also stressed on making healthcare universal and affordable and shared his vision of using digital technologies to take top-notch medical services to reach every remote corner and citizen of Telangana.

The global business leaders, including all major Indian entrepreneurs, who met and discussed investment opportunities with the Chief Minister, strongly and unequivocally endorsed the new Telangana government’s business vision, the release said.

Meanwhile, the chief minister and his team reached London after the conclusion of Davos trip.

Also read: KTR slams Revanth for rubbing shoulders with Adani in Davos

London tour

Revanth Reddy kickstarted the London tour by holding a three-hour-long discussion with officials and experts of the body governing the River Thames.

He spoke about his vision for rejuvenating the river Musi which flows through Hyderabad and to learn about the management of the river Thames, understanding and gathering insights from its management and collating best practices, another release said.

The officials of the Port of London Authority presented a comprehensive history of the developmental activities along river Thames, natural challenges and engineering response and solutions, stakeholder management, investments and revenue management, and best practices evolved over decades.

Revanth Reddy and AIMIM MLA Akbaruddin Owaisi visited the “London Shard” view for an aerial study of London urban layout and development, an official release said.

Separately, the chief minister addressed a group of Indophile British Members of Parliament in the historic Westminster Building on Thursday, 18 January.

“Strengthening democracy – one of the strongest bonds between India and Britain – is imperative to solving the problems of the world,” he said.

Speaking at the landmark and iconic monument, first built as a palace in 1016 AD, a UNESCO World Heritage Site, Revanth Reddy said, “today, the world is facing many challenges. War, terrorism, violence, denial of rights, assault on democracy. The problems are numerous but the answer is one – empowering people through democracy.”

Also Read: Karnataka signs MoUs worth ₹22,000 crore at WEF Davos

(With PTI inputs)