From key data centre to AI township, Telangana attracts Rs 5.75 lakh crore investments in global summit

JCK Infra Projects Ltd committed Rs 9,000 Crore toward developing an integrated AI City / Township within the Bharat Future City blueprint, state government said. Other investments were that of Zen Technologies which committed an investment of Rs 5000 crore, Biologicals E Ltd announced a significant expansion and R&D Hub project valued at Rs 4000 cr, Green Mobility and Electronics, RCT (Germany) will set up manufacturing for BESS (Battery Energy Storage System) containers with a Rs 2,500 crore investment and Bharath Garuda committed Rs 2,100 crore to a new car manufacturing project, Telangana Chief Minister A Revanth Reddy’s office said.

The two-day Telangana Rising Global Summit that kicked off at Bharat Future City on the outskirts of Hyderabad on December 8 has already attracted investment pledges or MoUs of Rs 1.8 lakh crore on the first day. As many as 35 major agreements (MoUs) were signed on the first day, with Brookfield-Axis Energy Ventures consortium signing the marquee agreement of Rs 75,000 crore towards building Bharat Future City, a net-zero urban ecosystem for global R&D.

Other MoUs signed were in the fields of aerospace, defence and logistics (Rs 19,350 crore) and advanced manufacturing (Rs 13,500 crore).

Apart from this, Trump Media and Technology Group announced an investment of Rs 1,00,000 crore over the next 10 years, Adani group has promised an investment of Rs 2,500 crore in the next three years. The Apollo group promised an investment of Rs 1,200 crore in the next few years.

The announcements were made by Eric Swider, director of Trump Media and Technology Group, Karan Adani from Adani Group and Dr Shobana of the Apollo Group. As many as 154 delegates from 44 countries are participating in the summit.

Speaking at the inaugural plenary of the event, Telangana Chief Minister A Revanth Reddy said, “Our people fought for decades for a separate Telangana state. In 2014, under the leadership of Sonia Gandhi and Prime Minister Dr Manmohan Singh, we achieved our dreams. Telangana became the country’s youngest state. Now we are trying to be the country’s most developed state and one of the best in the world”.

He added: “We asked experts to tell us what we can achieve by 2047, when India will celebrate its 100 years of Independence. This is how the dream of Telangana Rising 2047 was born…Today, as we begin our Global Summit, we feel fortunate that leaders from all sectors have come here. Business, corporates, policy, diplomats, government and experts…We (Telangana) want to become a 1 trillion-dollar economy by 2034, and a 3-trillion-dollar economy by 2047”.