Telangana @ Davos: Record 1.78 lakh crore investments?

The government of Telangana has been maintaining a strong representation at the ongoing World Economic Forum in Davos. The chief minister of Telangana Revanth Reddy himself flew to Switzerland to take part in this forum.

Coming to the topic now, the Telangana government has announced that they have principal struck agreements amounting to ₹1.78 lakh crore at the Davos forum.

Apparently, the Telangana delegation, led by Chief Minister Revanth Reddy concluded its highly successful Davos trip on Thursday with a total investment of Rs 1,78,950 crore (INR One Lakh Seventy-Eight Thousand Nine Hundred Fifty crore), which will create 49,550 jobs.

The biggest individual investments breakup broadly includes Amazon - Rs 60,000 crore, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore, MEIL - Rs 15,000 crore, among others.

Software majors made major decisions, including @hcltech (5,000 jobs), Infosys (17,000), Wipro (5,000) making a huge chunk of new high-end jobs - in the city of Hyderabad. Data Centres were a major focus area which yielded very rich dividends for Telangana, with Amazon, Tillman, URSA, CTRLS and Sify making announcements for new facilities and expansions.

This is the most significant compilation of agreements that were struck by the state of Telangana at the WEF till now. It appears that CM Revanth Reddy had a field day as he managed to secure multiple high level investments to the state.