Telangana CM Secures ₹31,500 Crore in 19 US Deals

12 Aug, 2024

Telangana CM Secures ₹31,500 Crore in 19 US Deals

Telangana Chief Minister A. Revanth Reddy and his delegation concluded their first official visit to the USA, securing 19 investment deals and memorandums of understanding (MOUs) valued at ₹31,500 crore. This significant achievement is expected to create 30,750 new jobs in the state.

During the visit, the delegation showcased Hyderabad and Telangana to business leaders and investors, highlighting opportunities across various sectors. The deals cover a range of industries, including IT, GCC, lifesciences, pharmaceuticals, data centers, artificial intelligence, cloud computing, electric vehicles, batteries, green energy, FMCG, and manufacturing.

The successful trip has opened new avenues for accelerated partnerships and set ambitious goals for future growth. The visit highlighted Telangana's potential for attracting investment and fostering economic development in diverse sectors. Chief Minister Revanth Reddy emphasized the importance of this initiative in expanding the state’s business opportunities and creating a robust economic environment.

As the delegation heads to South Korea, the focus remains on leveraging these new partnerships to drive progress and innovation within Telangana, showcasing its growing appeal as a prime investment destination.