Revanth Reddy at Davos: Adani Group to invest Rs 12,400-Cr in Telangana in energy, data, aerospace, cement
Revanth Reddy assured Adani that the State Government would provide the required amenities, infrastructure, and support for the projects.
HYDERABAD: Chief Minister of Telangana A. Revanth Reddy met with the Chairman of Adani Group, Gautam Adani at the World Economic Forum (WEF) in Davos. The Telangana Government entered into four MoUs covering multiple sectors worth Rs 12,00 crore.
Revanth Reddy, along with Minister of ITE&C, Industries, and Legislative Affairs, D Sridhar Babu, and Gautam Adani, and President and CEO of Aerospace and Defence, Ashish Rajvanshi, exchanged four MOUs that would be invested in Telangana over the next few years.
Also Read: Adani Group ready to invest in Telangana, to set up data center and Aero Space Park
Adani Green Energy will invest Rs 5,000 crore for setting up two Pumped Storage Projects in Telangana of 1350 MW Capacity. The AdaniConneX Data Centers will invest Rs 5,000 crore to set up a Data Center campus in Chandanvelly with a total capacity of 100 MW. Ambuja Cements Ltd. will invest Rs 1,400 crore in a Cement Grinding unit in Telangana with a capacity of 6.0 MTPA. The Adani Aerospace and Defence will invest Rs 1,000 crore in Counter Drone Systems and Missile Development and Manufacturing Centres at the Adani Aerospace and Defence Park.
Revanth Reddy assured Adani that the State Government would provide the required amenities, infrastructure, and support for the projects. Gautam Adani, said: “The new Government in Telangana has been extremely investor friendly and with the new planned policies, should attract more investments. Adani group will continue growing in Telangana at a high pace with the provided.”
Principal Secretary ITE&C, I&C Jayesh Ranjan, and Special Secretary, Investment Promotion, Vishnu Vardhan Reddy were also present during the meeting.