REIMAGINING GROWTH: TELANGANA WITNESSES INVESTMENT BOOM SINCE DECEMBER 2023

Over Rs. 3,500,000,000,000
and Counting

Sri A. Revanth Reddy
Chief Minister of Telangana

Telangana’s investment evolution

Since December 7, 2023, the Chief Minister Sri A. Revanth Reddy has ensured that Telangana’s investment journey reflects a strategic pivot toward high-value, future-focused sectors. In the first half of 2024-25 itself, Telangana has seen a 33% growth in FDIs.

Starting with sub‑Rs. 1 lakh crore green projects and manufacturing units, the focus has now shifted to global capital via data centres, biotech, life sciences and defence. To drive this growth further, Telangana has also brought in a State-first Life Sciences policy.

Investment-ready
ecosystem

With skills-up initiatives and infrastructure development including airport expansion and thermal power completion, Telangana now draws global players such as BYD and the UAE funds. As of mid‑2025, Telangana is ready to surge into the future having firmly established itself as a high-growth, investment-ready ecosystem.

As data centres become the major focus area, new facilities and expansions are a natural growth outcome with MNCs such as Infosys, HCL and Wipro announcing their expansion plans in Hyderabad.

In the past few years, Telangana has emerged as a significant hub for electronics manufacturing in India. As of January 2025, the State is “home to around 260 electronics companies, marking a 3.97% increase from 2023”.

The State government has achieved over Rs. 3 lakh crore in investment inflows since December 2023, with jumping infrastructure funding and biotech, AI, fintech, defence and data-centre projects on the rise.

January-June 2024:
Green energy, data centres & MSMEs

The year began on a high note at WEF Davos 2024, where Telangana secured major deals. Adani Group inked four MOUs totalling Rs. 12,400 crore.

  • Rs. 5,000 crore for a green‑powered data centre
  • Rs. 5,000 crore for pumped storage projects
  • Rs. 1,400 crore for a cement plant
  • Rs. 1,000 crore for defence tech facilities

Around the same time, other investments worth Rs. 22,000 crore were announced, which included:

  • JSW Neo Energy’s Rs. 9,000 crore pumped storage venture
  • GODI India’s battery cell manufacturing
  • Web Werks data centres

The State kicked off plans for MSME clusters. By June, proposals worth nearly Rs. 50,000 crore were under consideration, with Rs. 40,000 crore tied to the Davos trip and Rs. 10,000 crore in post‑Davos follow-up.

Mid‑2024:
Industrial clearances & power infrastructure

In late 2024, Telangana’s TG‑iPASS system green‑lit 1,901 industrial projects, representing Rs. 12,626 crore in investment and potential jobs for 49,000 people.

  • Semiconductor firm Kaynes Semicon led the pack with Rs. 2,700 crore.
  • Construction was underway at the Telangana Super Thermal Power Plant (TSTPP) near Ramagundam. Its second 800 MW unit became operational in March 2024, adding to coal‑based capacity.

Late‑2024:
Skills, aviation & green energy policy

The last quarter of 2024 picked up pace with the launch of the Young India Skills University (YISU) in Hyderabad (a PPP initiative) in October 2024.

  • The YISU was backed by contributions of Rs. 100 crore from Adani and Rs. 7 crore from Redington.
  • By early 2025, curricula were being developed actively in areas such as logistics, healthcare, pharma and BFSI sectors.

Infrastructure investments surged as

  • Rs. 205 crore was approved for Mamnoor (Warangal) airport land acquisition.

The government’s ambitious Green Power Policy brought in MoUs in the green energy sector.

  • Rs. 80,000 crore to Rs. 1,00,000 crore investments
  • Targetting 20 GW by 2030
  • Favouring solar, wind and floating solar setups

Blockbuster deals

The Telangana government secured investments worth Rs. 41,000 crore at the World Economic Forum (WEF) in 2024. By early 2025, the State moved to a new level with its ‘Telangana Rising 2047’ vision.

At the WEF in Davos, Telangana struck blockbuster deals worth nearly Rs. 1.8 lakh crore. These investments come with a potential 49,500 jobs. This dramatic rise was driven by the vision of Chief Minister A. Revanth Reddy whose able leadership helped the State secure major investment commitments such as:

  • Amazon Web Services (AWS) data centre project – Rs. 60,000 crore
  • Sun Petrochemicals pumped storage plans – Rs. 45,000 crore
  • Tillman Global Holdings – Rs. 15,000 crore
  • MEIL – Rs. 15,000 crore
  • Infosys – 17,000 jobs
  • HCL and Wipro – 5,000 each
  • JSW UAV MoU – Rs. 800 crore

February-March 2025:
Biotech & EV entry

At BioAsia 2025 in February, Telangana unveiled India’s first Life Sciences Policy, facilitating

  • Rs. 5,445 crore in biotech MoUs
  • Potential job creation for 9,800 professionals

In March, chatter about global EV giant BYD surfaced. Enthusiasts reported a possible partnership with Olectra and joint EV/bus manufacturing plant near Hyderabad, signifying Telangana’s entry into advanced EV manufacturing.

April 2025:
Strategic Japanese alliances

Aiming to attract Japanese investments to Telangana, the high-powered TelanganaRising delegation led by Sri A. Revanth Reddy toured Japan for a week from April 16 to 22, 2025, forging strategic alliances (transformative agreements, MoUs, LoIs) with leading industry players across different sectors such as:

  • AI infrastructure
  • Transmission and distribution (T&D) manufacturing
  • Global talent mobility
  • Environmental conservation
  • Eco-friendly projects
  • Circular economy
  • Rejuvenation of water bodies
  • Clean energy cooperation

Investments from Japanese firms exceeded all expectations with Telangana clinching deals worth an impressive Rs. 12,062 crore, more than double of its target of Rs. 5,000 crore.

May - June 2025:
Renewed confidence & new jobs

As recently as early June 2025, the UAE‑based Shaiva Group and Taranis Capital committed initial funding across five local ventures:

  • Revelations Biotech
  • Manakin Bio
  • Yentra Tech
  • Exigent Drilling
  • Svobodha Infinity

Key highlights

  • Rs. 2,125 crore investments
  • An additional Rs. 24,000 crore planned over three years
  • Aim is to create 5,020 jobs

July - August 2025:
Hyderabad emerges as a GCC powerhouse

Revanth Reddy’s “services-only city” plan for Hyderabad is reshaping the capital into a GCC hub while shifting manufacturing between the ORR-RRR corridor. Highlights:

Retail & E-commerce

  • Costco (Jul): 1,000-job GCC for retail-tech & supply-chain analytics.
  • Coupang (Aug): Korean e-commerce major set up a tech hub, driving logistics AI.
  • Apple (Jul): Expanded WaveRock campus, boosting engineering & operations.

Pharma, MedTech & Biotech

  • Eli Lilly (Aug): Innovation Centre; 1,500 hires planned.
  • Agilent (Aug): New life-sciences R&D centre.
  • Shaiva Group & Taranis Capital (Jun-Aug): Rs. 2,125 crore in biotech/medtech startups like Revelations Biotech & Manakin Bio.

Fintech & Insurtech

  • Dai-ichi Life (Aug): First overseas GCC; scaling from 50 to 600 staff.
  • Deutsche Börse (Aug): Capital-markets GCC for AI, cloud, cybersecurity.
  • Wise (Jul): Fintech unicorn opened a cross-border payments tech hub.

Pharma, MedTech & Biotech

  • Daikin (Aug): GCC with EY, driving industrial IoT & product digitisation.
  • Exigent Drilling & Svobodha Infinity (Jun-Aug, via Shaiva/Taranis): Advanced manufacturing ventures.

Collectively, these GCCs and investments cement Hyderabad’s global brand, create thousands of jobs, and align with Revanth’s balanced development model linking urban services with rural industry.

September - October 2025

Telangana’s industrial upswing continues

Telangana’s investment climate continued to show strong momentum through September and October 2025, with key global and domestic companies committing large-scale projects across manufacturing, beverages, aerospace, and life sciences.

Economic momentum & outlook

  • Across these two months, over Rs. 6,600 crore committed across high-growth sectors.
  • Strong job creation in advanced manufacturing, life sciences, aerospace and clean energy.
  • Investments align with Telangana’s push for industrial decentralisation and global competitiveness ahead of 2030.

Manufacturing & Industrial Sector

  • Hindustan Coca-Cola Beverages (Sept. 24): Rs. 2,398 crore advanced beverage plant; ~600 jobs; strengthens food & drinks supply chain.
  • JSW UAV Ltd (Sept. 24): Rs. 785 crore drone manufacturing facility in Maheshwaram; ~364 jobs; boosts aerospace ecosystem.
  • Toshiba T&D Systems (Sept. 24): Rs. 562 crore expansion adding GIS & power components manufacturing; ~554 jobs planned.

Pharma & Life Sciences

  • Eli Lilly (Oct.): Rs. 9,300 crore investment to build a biopharma manufacturing and quality hub in Hyderabad; major high-skill hiring expected.
  • Corning & SGD Pharma (Late Sept.): Rs. 530 crore pharma-glass packaging facility; supports Hyderabad’s bulk-drug & vaccine industries.

Electronics & Energy Tech

  • Tata Technologies (Late Sept.): Rs. 2,380 crore Telangana-wide skilling initiative; 65 Advanced Technology Centres (ATCs) launched to power ‘Industry 4.0’ job creation.
  • Southwest Airlines (Late Oct.): Chief Minister A. Revanth Reddy’s meeting with U.S.-based Southwest Airlines top leadership lands big aviation project; airlines to set up its global innovation centre in Hyderabad; huge push to the aviation sector & job creation.

November 2025

Hyderabad turns global magnet

Hyderabad is on a global roll, literally! November saw a flurry of major international firms staking their claim in the city, underscoring its ascendance as a top destination for innovation, tech, finance, and aerospace.

Vanguard

The global investment management company launched its GCC in Hyderabad on November 4, 2025, reinforcing the city’s reputation as a hub for fintech, data engineering, and digital services.

Marriott Tech Accelerator

On November 3, 2025, Marriott officially inaugurated its first global tech-centre in Hyderabad to drive its worldwide operations. The company officially confirmed plans to establish Marriott Tech Accelerator, its first GCC, in Hyderabad in October 2025.

Netflix

The global streaming giant leased 41,000 sq. ft. at HITEC City, officially marking its Hyderabad office on November 3, 2025, and expanding its India footprint into the South.

Deutsche Börse

After inaugurating its Global Capability Centre (GCC) in Hyderabad on August 21, 2025, Deutsche Börse opened a second centre, its Global Value Centre (GVC), on November 4, 2025. The company is slated to create 1,000 jobs and power global financial-market infrastructure.

Mattel

Mattel chose Hyderabad as its base for global support operations by opening a Global Capability Centre on November 13, 2025, in HITEC City, with a focus on digital transformation, data analytics, supply chain operations, and AI-driven innovations for its global business.

L’Oréal

The company announced its plans to set up one of its biggest global tech and innovation capability centres in Hyderabad, expanding its global operations footprint.

OSF Digital

A global digital transformation company, OSF Digital opened its first Global Capability Centre in India at Raheja Mindspace IT Park, HITEC City, on November 25, 2025, marking a major global delivery expansion. The Hyderabad centre strengthens OSF Digital’s worldwide capabilities, positioning the city as a key hub for its cloud, AI, and digital transformation services.

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