The ‘TelanganaRising’ delegation, led by Chief Minister A. Revanth Reddy concluded its “highly successful” Davos trip on Thursday with a total investment of Rs 1,78,950 crore slated to create 49,550 jobs, says a note from the state government. The chief minister reached out to corporate bigwigs with his 2050 vision.
Sharing details of major investment proposed, the note points to says Amazon (AWS)’s Rs 60,000 crore, Sun Petrochemicals with Rs 45,500 crore, Tillman Global Holdings – Rs 15,000 crore apart from Megha Engineering’s Rs 15,000 crore.
On the job creation that the investments by software majors would entail, there is HCL (with 5,000 jobs), Infosys (17,000), Wipro (5,000). This makes for “a huge chunk of new high-end jobs in the city of Hyderabad,” it says.
Data Centres were apparently “a major focus area with Amazon, Tillman, Usra, CrtlS and Sify making announcements for new facilities and expansions.”
Solar Cells, rocket manufacturing, aircraft interiors design and UAV manufacturing were termed “major cutting-edge area successes and forays.” Defence investments by Jindal was described as “another big success” though details were not shared.
Another major feature of the trip was to get big investments in private industrial parks – with Ramky Group making “decisions to invest in integrated industrial parks, dry port and townships, and another investment from MTS Group.”
Colouring the note with names of other corporate giants and future potential areas, the note says, “Unilever is to give a go ahead for two manufacturing units, and several others. Green energy and pump storage are sectors with clear scope for rapid growth ahead for the state.”
The note with a quote from the chief minister says, “building on core strengths of Hyderabad and Telangana in software and pharma, Telangana will now look to grow in a very big way in Data Centres, Green Energy, Food Processing, Electric Vehicles, Semiconductors, among others. The world, post Covid and its deep consequences on supply chains, urgently needs a supplementing alternative to China (China Plus One), a position Telangana would aggressively and proactively like to take,” CM Revanth Reddy explained at several fora in WEF, Davos.
“The vision of making Telangana a $1 trillion SDGP economy would involve aggressive clustering – core urban area inside ORR (Outer Ring Road) services, zone between ORR and the proposed Regional Ring Road as semi-urban zone for manufacturing, and outside the RRR as rural area for agri and food processing,” says another quote of the chief minister.
Speaking at three events on Urban Mobility, Regenerative and Circular Spaces, and Nation Strategies, chief minister Revanth Reddy spoke of projects on infrastructure, mobility, opportunities, and sustainability – Metro Rail expansion, Regional Ring Railway, Radial Roads, new airports, Musi river rejuvenation, Electric Vehicle promotions and a Skills University.