Telangana gets Rs 2.43 lakh crore investment offers at Global Summit

The Telangana state government have signed MoUs worth over 2.18 lakh crore rupees especially relating to the energy sector on the second day, Tuesday at the Telangana Rising Global Summit, at the Bharat Future City in Hyderabad. This includes 1.23 lakh crore rupees MoUs relating to Renewable energy sector. It may be recalled that Telangana signed over 35 MoUs worth 2.43 lakh crore rupees on day one at the summit.

In the deep tech and digital infrastructure sector, an agreement of Rs 75,000 crore investment commitment from the Brookfield / Axis Ventures Pvt Ltd consortium was the marquee agreement, it said, adding that this fund was dedicated to developing the Bharat Future City. In the Renewable Energy Transition and Power Security sector, nearly agreements worth Rs 39,700 crore were signed. The single largest energy deal came from Evren / Axis Energy with a commitment of Rs 31,500 crore.

MEIL Group committed Rs 8,000 crore in diversified portfolio, including solar power plants, vital pumped storage systems for grid stability, and advanced EV projects, while in aerospace, defence, and logistics sector, agreements worth about Rs 19,350 crore were signed. GMR Group signed a Rs 15,000-crore expansion plan for aerospace and aviation sector.

Electronics sector saw nearly Rs 7,000 crore in MoUs from Renewsys, Midwest, and Akshat Greentech for PCB and specialised components. Krishna Power Utilities committed Rs 5,000 crore for an integrated steel plant. Seetharam Spinners committed Rs 3,000 crore for an integrated textile unit, the statement said.