Conceptualised under the visionary leadership CM A. Revanth Reddy, TelanganaRising 2047 is a visionary and prominent step for the state to become India’s tech hub. The summit which was organised from 8 – 9 Dec at Bharat Future City, Hyderabad was able to attract Rs. 5.75 lakh Crores of Investment. The investment commitments were made mostly in the Data Centre and AI Infrastructure. Following are some of the major commitments made:
- A MoU was signed by the SME Growth Catalyst (TiE Hyderabad) to mentor and scale 500 SMEs in the 25-250 crore turnover bracket by 2029.
- Infrakey Datacentre Parks made a landmark deal for the establishment of 1 GW AI data centre with an investment of 70,000 crore. This landmark deal will lay the foundation for Telangana as AI tech centre of India.
- Right behind was AGIDC of Singapore which committed an investment of Rs. 67,500 crore for setting up an IGW (International Gateway) Data Centre.
- To develop an AI City / Township, JCK Infra Project Ltd committed Rs. 9000 crore within the ambitious Bharat Future City Blueprint.
- To expand its capability in the defence and technology field Zen technologies pledged Rs. 5,000 crore
- To enhance the state’s pharmaceutical and biotech capability, Biologicals E Ltd announced an expansion and R&D Hub project valued at Rs. 4,000 crore
- A 2500 crore investment was committed from RCT (Germany) for setting up manufacturing for BESS Containers (Battery Energy Storage System)
- Pushing the automotive industry ahead Bharat Garuda committed to set up a Car Manufacturing Project worth of 2,100 crore.
- Projected to create 2,500 jobs, The Confederation of Indian SC/ST Enterprises secured an investment of 577.11 crores to establish units across sectors like Green Industrial Parks, Manufacturing, and IT/ITES.