Hyderabad: Telangana Chief Minister A. Revanth Reddy concluded his landmark business tour of the United States, securing over ₹31,500 crore in investment commitments that are expected to create more than 30,750 jobs in the state. The Chief Minister’s first official visit to the USA was marked by a series of high-profile meetings and agreements, further positioning Telangana as a global hub for innovation and industry.
The delegation, which included IT and Industries Minister D. Sridhar Babu and key officials, conducted over 50 business meetings and participated in three strategic roundtable conferences across major cities, including New York, Washington D.C., Dallas, and California. The tour resulted in 19 significant investment deals and Memorandums of Understanding (MOUs) across sectors such as Information Technology, Global Capability Centers (GCC), Life Sciences, Pharmaceuticals, Data Centers, Artificial Intelligence (AI), Electric Vehicles, Green Energy, FMCG, and Manufacturing.
Key Highlights and Announcements:
- Charles Schwab, a leading American financial services company, announced the establishment of a new GCC in Hyderabad.
- Cognizant and Arcesium committed to significant expansions, further cementing Hyderabad’s position as a top destination for IT and GCC investments.
- Trinet’s deal marks a notable expansion in the HR solutions sector.
- Multiple American pharmaceutical and biotech companies announced fresh investments, including a new R&D tech facility by biotech giant Amgen.
- Zoetis Inc., a leader in animal health, revealed plans for a new GCC in Hyderabad.
- Expansions by companies like HCA and Thermosphere are expected to enhance Telangana’s life sciences ecosystem.
- Amazon announced a significant expansion of its data center presence in Hyderabad, aiming to use the city as a major hub for its operations in India.
- Aurum Equity will set up an AI-powered green data centre, further boosting the state’s digital infrastructure.
- Monarch Tractors’ decision to invest in Telangana provides a crucial push to the state’s ambitions in high-end manufacturing.
- The delegation engaged with major global players such as Apple, Google, and Stanford University, focusing on future collaborations in AI, semiconductor technology, and other cutting-edge industries.
- Discussions and agreements also centred on Telangana’s ambitious projects like the creation of a Future City, AI City, and the rejuvenation of the Musi River.
Chief Minister Revanth Reddy expressed his satisfaction with the outcomes of the tour, stating that the trip opened up new avenues for accelerated partnerships and showcased Telangana’s immense potential to global business leaders. “From our plans in AI to building the Future City, we have laid the groundwork for many exciting opportunities ahead,” he said before departing for South Korea to continue his global outreach efforts.
IT and Industries Minister D. Sridhar Babu echoed the Chief Minister’s sentiments, noting that the delegation exceeded its ambitious goals. “The excitement we’ve generated within the American business community will have a multifold impact on investments and job creation. The pipeline ahead is promising, and we will ensure continuous follow-up to secure more closures in the coming months,” he affirmed.
This successful US tour reinforces Telangana’s position on the global business map, setting the stage for sustained growth and innovation in the years to come.
