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Telangana CM concludes US visit, secures $3.8 billion in investments
During the visit, the Telangana delegation, which included IT and Industries Minister D. Sridhar Babu and key officials, presented Telangana as the "Future State" and capital city Hyderabad as "Hyderabad 4.0" to American businesses.
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Revanth Reddy / Image- Telangana State Portal
A. Revanth Reddy, the Chief Minister of Telangana, concluded his inaugural official visit to the United States with the acquisition of approximately US$ 3.8 billion (INR 31,500 crore) in investments for his state.
The high-profile tour, which included more than 50 business meetings, three roundtable conferences, and several field visits, resulted in 19 investment deals and memorandums of understanding that will create 30,750 new jobs in the state.
Hon'ble Chief Minister Sri A. Revanth Reddy Concludes a High-Impact #USA Visit!
— Telangana CMO (@TelanganaCMO) August 11, 2024
Sri @revanth_anumula, accompanied by IT & Industries Minister Sri @OffDSB and a high-level delegation of key officials, concluded their landmark USA visit with resounding success. Over 50 business…
During the visit, the Telangana delegation, which included IT and Industries Minister D. Sridhar Babu and key officials, presented Telangana as the "Future State" and capital city Hyderabad as "Hyderabad 4.0" to American businesses. They engaged with CEOs, founders, and business groups across New York, Washington D.C., Dallas, and California, promoting Telangana as a strategic alternative to China for U.S. investments.
The visit saw the conclusion of significant deals across various sectors including IT, AI, Pharma, Life Sciences, Electric Vehicles, Data Centres, and Manufacturing. Key announcements included the establishment of a new Global Capability Center (GCC) by Charles Schwab, significant expansions by global IT giants Cognizant and Arcesium, and a new R&D tech facility by biotech leader Amgen.
"The trip opened up myriad areas for accelerated partnerships, setting new horizons and showcasing our wealth of potential for newer opportunities. From our plans in AI to building the Future City, corporations, startups, and business leaders have agreed to take our breathtaking vision forward," said Chief Minister Revanth Reddy before departing for the next leg of his investment trip to South Korea.
Minister D. Sridhar Babu added, "We have exceeded our goals, which were audacious to begin with. I am delighted we could generate so much excitement in the American business world, which will lead to a multifold impact on investments and new jobs. The pipeline ahead is exciting, and we will rigorously follow up to ensure many more closures in the coming months."
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