Hyderabad: The Telangana government secured investment commitments worth about ₹19,500 crore at the Davos summit. Revanth Reddy led a high-level delegation to attract global investors.
Meanwhile, the delegation is taking part in the World Economic Forum 2026 meeting in Davos. On Wednesday, the Chief Minister and state ministers met representatives of international companies. They finalised multiple agreements in steel, aviation, and clean energy sectors.
Notably, the largest commitment came from Rashmi Group. The group committed ₹12,500 crore for steel and allied industries. Officials said the project will create around 12,000 jobs in the state.
In addition, the government signed a memorandum with US-based Sargod. The company will set up an aviation MRO facility with an investment of ₹1,000 crore.
Davos Telangana investments align with ‘Telangana Rising 2047’ vision
As part of the Davos drive, Telangana also received a ₹6,000 crore expression of interest. The proposal came from Solar Products for a clean energy project. Officials said the investment will strengthen renewable energy capacity and boost manufacturing.
Meanwhile, addressing industry leaders, Revanth Reddy outlined the Telangana Rising 2047 vision. He said the state aims to emerge as a major economic power. Therefore, the government is focusing on IT, artificial intelligence, life sciences, green energy, and manufacturing.
Finally, the Chief Minister said the state offers strong policy support and robust infrastructure. He added that these measures will drive long-term industrial growth.
