Revanth Reddy gets Rs 37,870 Cr investments for Telangana

January 18, 2024 20:30
Revanth Reddy gets Rs 37,870 Cr investments for Telangana

(Image source from: Twitter.com/TelanganaCMO)

Revanth Reddy gets Rs 37,870 Cr investments for Telangana:- The Chief Minister of Telangana, Revanth Reddy, recently made his first trip to Davos to attend the World Economic Forum, and his efforts have proven to be highly successful. Telangana has managed to secure several memorandums of understanding (MOUs) amounting to a staggering 37,870 crore rupees in a single day, thanks to the persistent efforts of Revanth and his team.

One of the most significant deals that Revanth Reddy secured is with Gautam Adani, as the Adani company has agreed to invest 12,400 crore rupees in Telangana. This investment will be used to set up connected data centers, pump storage projects, and an integrated skilling university. Another major construction company, JSW, has also signed an MOU to set up a pump storage project in Telangana, with an investment of 9000 crore rupees. R&D giant Godi India has pledged to establish a Giga Scale Battery Cell manufacturing plant, with a budget of 8000 crore rupees.

Tech giant Web Works, operating in the data center industry, will invest 5200 crore rupees based on the MOU they signed with the Telangana government. Additionally, Aragen Life Sciences will invest 2000 crore rupees to develop an R&D lab focused on creating new medically-used liquids. Furthermore, Godrej Industries has agreed to construct India's largest Oil Palm Harvesting plant in Telangana, with an investment of 1270 crore rupees. Revanth Reddy is not stopping at these achievements and is actively working on setting up more meetings with potential investors. It is likely that his efforts will attract further revenues for Telangana. His dedication to promoting investments and his exceptional performance on his first trip to Davos are commendable.

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Tagged Under :
Revanth Reddy  Davos  World Economic Forum