Telangana has created a buzz at Davos with the announcement of 16 major agreements, attracting ₹1,64,050 crore in investments and promising 47,550 jobs (some reports suggest 1.79 lakh jobs).
Among the agreements, Sun Petro Chemicals plans to set up large-scale pumped storage hydro and solar power projects in Nagar Kurnool, Mancherial, and Mulugu districts, with a capacity of 3,400 MW for hydro and 5,440 MW for solar power. The investment is ₹45,500 crore, providing 7,000 jobs.
Amazon Web Services (AWS) is making a significant investment of ₹60,000 crore in AI and cloud services data centers.
CtrlS is establishing an advanced AI data center cluster with a 400 MW capacity, investing ₹10,000 crore and creating 3,600 jobs.
JSW Group is setting up a manufacturing unit for unmanned aerial systems for defense with ₹800 crore investment and 200 jobs.
Skyroot Aerospace is establishing an integrated private rocket manufacturing and testing unit with an investment of ₹500 crore.
Megha Engineering (MEIL) has signed agreements for three key projects: a 2,160 MW pumped storage energy project, a battery energy storage system, and a world-class luxury wellness resort at Anantagiri, with an investment of ₹15,000 crore and 5,250 jobs.
HCL Tech Center is expanding in Hyderabad's Hitech City with a new campus covering 3.2 lakh sq. ft., offering 5,000 jobs.
Wipro is expanding its IT center in Gopanapalli, Hyderabad, creating 5,000 jobs.
Infosys is expanding its campus at Pocharam with ₹750 crore investment and 17,000 jobs.
Unilever is setting up a palm oil factory and refining unit in Kamareddy district along with a bottle cap manufacturing unit, creating about 1,000 jobs.
Tilman Global Holdings is setting up an advanced data center in Hyderabad with a 300 MW capacity, investing ₹15,000 crore.
Ursa Clusters, a US-based company, is establishing an advanced AI data center hub with ₹5,000 crore investment.
Blackstone is investing ₹4,500 crore to set up a 150 MW data center in Hyderabad.
Akshat Green Tech (Maitra Energy Group) is setting up an advanced solar cell and module manufacturing unit with an investment of ₹7,000 crore.
Eclat Health Solutions is opening a new office in Hyderabad to accommodate 800 employees.
Suhana Masala and Eco Factory Foundation are setting up a new excellence center next to their existing plant in Sangareddy.
While Telangana has successfully created an investment-friendly image, questions remain about the actual implementation of these agreements.
There are also doubts surrounding Megha Engineering’s deals and reports suggesting that the Sun Petro Chemicals agreement was signed with someone other than CEO Dilip Shanghvi, with similar agreements reportedly signed with Bihar earlier.
Meanwhile, in Andhra Pradesh, despite Chandrababu Naidu and Lokesh leading a large delegation to Davos, no major investment agreements were announced except for the deal with Telugu-owned Greenko.
Some argue that signing MoUs at Davos isn't essential, but in the past, similar events were touted as major achievements.
Whether these investments materialize in Telangana or not, the Telangana government has managed to create an optimistic atmosphere.
Andhra Pradesh, on the other hand, could have at least announced a few agreements for publicity purposes.
Supporters of BRS might soon claim that KCR's governance has led to Telangana attracting such large-scale investments, while Andhra Pradesh continues to struggle to replicate the same success.
