Telangana inks 35 MoUs worth Rs 1.88 lakh crore at Global Summit

The Congress government announced 35 MoUs accounting for nearly Rs 1.88 lakh crore in investment commitments at the Telangana Rising Global Summit, with major pledges in deep tech, renewable energy, aerospace, logistics, and electronics, led by Brookfield’s Rs 75,000-crore Bharat Future City proposal

Hyderabad: The State government on Monday said it had signed 35 agreements with investment commitments worth over Rs 1.88 lakh crore at the Telangana Rising Global Summit.

In the deep tech and digital infrastructure sector, an agreement of Rs 75,000 crore investment commitment from the Brookfield / Axis Ventures Pvt Ltd consortium was the marquee agreement, it said, adding that this fund was dedicated to developing the Bharat Future City.

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Vin Group formalised its Rs 27,000 crore investment towards integrated projects, covering next-generation renewable energy generation, advanced EV infrastructure, and smart urban planning. SIDBI Startup Fund of Funds confirmed a Rs 1,000 crore injection of critical seed capital for local ventures, according to an official statement.

In the Renewable Energy Transition and Power Security sector, nearly agreements worth Rs 39,700 crore were signed. The single largest energy deal came from Evren / Axis Energy with a commitment of Rs 31,500 crore.

MEIL Group committed Rs 8,000 crore in diversified portfolio, including solar power plants, vital pumped storage systems for grid stability, and advanced EV projects, while in aerospace, defence, and logistics sector, agreements worth about Rs 19,350 crore were signed. GMR Group signed a Rs 15,000-crore expansion plan for aerospace and aviation sector.

Electronics sector saw nearly Rs 7,000 crore in MoUs from Renewsys, Midwest, and Akshat Greentech for PCB and specialised components. Krishna Power Utilities committed Rs 5,000 crore for an integrated steel plant. Seetharam Spinners committed Rs 3,000 crore for an integrated textile unit, the statement said.