hyderabad
Telangana Government secures Rs. 15,000 crore investment deals at Davos
Telangana secured investment deals totaling ₹15,000 crore at the World Economic Forum in Davos. This includes three MoUs with Megha Engineering and Infrastructure Limited (MEIL) for a pumped storage hydroelectric project (₹11,000 crore), a battery energy storage system (₹3,000 crore), and a luxury wellness resort (₹1,000 crore). These projects are expected to create thousands of jobs and contribute to Telangana's Clean and Green Energy Policy 2025. Additionally, Hyderabad-based space technology company, Skyroot Aerospace, signed an MoU with the Telangana government to establish a private rocket manufacturing unit with an investment of ₹500 crore. This further strengthens Telangana's position as a hub for innovation and technological advancement.09:39 AM Jan 22, 2025 IST