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Tag: #InnovationHub

Telangana Rising Global Summit Day 1 Secures Massive Investment Commitments Exceeding ₹2.5 Lakh Crore-10-December- 2024

Hyderabad: Day 1 of the Telangana Rising Global Summit witnessed extraordinary investor enthusiasm, with the state government announcing investment commitments exceeding ₹2.43 lakh crore, across sectors such as deep tech, aerospace, renewable energy, media, entertainment, and urban development. A total of 35 Memorandums of Understanding (MoUs) were signed, marking a powerful start to the event and reinforcing Telangana’s push toward its ‘Vision 2047’ economic goals.

Salman Khan Ventures Industries Announces ₹10,000 Cr Film & Entertainment Hub

In one of the most notable announcements of the day, Salman Khan Ventures Industries, owned by Bollywood actor Salman Khan, committed to investing ₹10,000 crore to develop a special township and a world-class film and television studio in Telangana.
The proposed project will feature entertainment infrastructure of international standards, further boosting the state’s growing presence in the media and creative economy.

Brookfield–Axis Ventures Consortium to Build Deep Tech Hub With ₹75,000 Cr Investment

A major global partnership between Brookfield and Axis Ventures committed ₹75,000 crore to establish a global R&D and Deep Tech hub at the upcoming “Bharat Future City”.
This project aims to position Telangana as India’s foremost destination for emerging technologies, advanced research and innovation-driven industries.

Trump Group Announces Over ₹1 Lakh Crore Commitment

The summit also saw a massive proposal from the Trump Group, announcing investments exceeding ₹1 lakh crore in media, technology, and integrated infrastructure development—strengthening the state’s international investment profile.

GMR Group Signs MoU Worth ₹15,000 Cr

Infrastructure giant GMR Group signed an MoU in the aerospace and defence sector, committing ₹15,000 crore for:

  • Cargo expansion
  • Maintenance, Repair & Overhaul (MRO) facilities
  • Aviation-related ecosystem development

This investment will enhance Hyderabad’s stature as a major aerospace and cargo hub.

Vingroup (Vietnam) to Invest $3 Billion (Approx. ₹25,000 Cr)

Vietnamese conglomerate Vingroup signed an MoU to invest $3 billion (approximately ₹25,000 crore) across:

  • Urban development
  • Electric vehicles (EVs)
  • Renewable and clean energy projects

The investment positions Telangana as a preferred destination for global EV and energy corporations.

Diverse Investment Flow Across All Sectors

According to Minister Babu, companies from Deep Tech City to textile and manufacturing units expressed strong interest in setting up facilities in Telangana.
He emphasized that the scale and diversity of the investments reflect the state’s stable industrial policy, global investor confidence, and its vision to emerge as an economic powerhouse over the next two decades.

Telangana Aims to Train 2 Lakh AI Engineers, Says Minister Sridhar Babu

Hyderabad: In a bold push toward becoming a tech-forward state, the Telangana government has announced plans to train two lakh Artificial Intelligence (AI) engineers, according to State IT and Industries Minister Duddilla Sridhar Babu.

The announcement came during a courtesy visit by a Singaporean delegation led by Consul General Edgar Pang to the Minister at the Dr. B.R. Ambedkar Secretariat on Monday. Highlighting Telangana’s vision for the future, Sridhar Babu outlined several key initiatives aimed at making the state a hub for cutting-edge technologies.

Central to this vision is the development of a ‘Future City’ designed to meet global standards, which will also house an AI University. The Minister revealed that multiple international organizations have shown keen interest in collaborating on the Future City project.

“Hyderabad is rapidly emerging as a key center for Global Capability Centers (GCCs),” he noted, pointing out that in the past year alone, around 70 GCCs in sectors like IT and hospitality have set up operations in the city.

In addition to boosting the tech ecosystem, the Minister stressed the government’s focus on balanced industrial development. He shared that efforts are underway to promote industrial growth beyond Hyderabad, with cities like Warangal and Karimnagar identified as promising hubs.

Calling for stronger international cooperation, Sridhar Babu encouraged the visiting delegation to help spread awareness among industrialists about the investment potential in Telangana. He reaffirmed the state’s readiness to collaborate with the Singapore government in areas such as technology, skill development, and more.

The Singapore delegation included Consul Vaishnavi Vasudevan, First Secretary (Economic) Vivek Raghu Raman, and Denis Tam, Regional Director (India – South) of Enterprise Singapore.