Telangana nets more than Rs.20,000 cr investment from WEF23, excluding undisclosed ones

HYDERABAD: Following Telangana's representation at the World Economic Forum (WEF) meeting in Davos, Switzerland, by Industries and Commerce Minister K.T. Rama Rao, the state has seen a surge in investments.

Global giants such as Microsoft, WebPT Eurofins, Bharti Airtel, Apollo, PepsiCo, and Allow Tyres, Inspire have committed large investments in the establishment of data centres and innovation centres in Telangana.

The World Economic Forum could result in more than Rs 19,210 crores of investment in Telangana. Some corporations, however, did not release any figures as such.

The largest investment would be made by Microsoft, which plans to invest Rs 16,000 crores in the development of three new data centres in Telangana. This would be in addition to the three such projects announced in early 2022 in Hyderabad, totaling Rs 15,000 crores in investment.

“Microsoft and Hyderabad have had a very long-term mutually beneficial relationship and I am very happy to learn that Microsoft will expand in Telangana with such huge digital infrastructure projects. I look forward to seeing Microsoft continue to grow in the state", said Telangana Minister KT Rama Rao.

The Bharati Airtel Group, through its data centre business, Nxtra Data Centers, plans to invest Rs 2,000 crores in infrastructure, which will attract more investments from consumers. The facility would be a hyperscale data centre with a capacity of 60 megawatts (MW) of IT load for the first phase. It would use cutting-edge cooling and security systems. The project is expected to be completed during the next five to seven years.

Eurofins Scientific (EUFI.PA), a global leader in food, environment, pharmaceutical, and cosmetic product testing as well as a global scientific leader in bioanalytical testing, to establish a fully-equipped, state-of-the-art laboratory campus in Genome Valley worth Rs 1,000 crores in Hyderabad.

PepsiCo, American multinational food company, is planning to expand its operations in a big way in Hyderabad, Telangana. Within the next one and a half years, the company is looking to increase the workforce of its Global Business Services Center in Hyderabad to 4,000 employees from its current strength of 2,800.

Allox Advance Materials Pvt Ltd signed an MoU with Government of Telangana for setting up of a C- LFP (Lithium Iron Phosphate) active battery material production unit in Telangana, on the side lines of World Economic Forum 2023 in Davos. The state-of-the-art facility for manufacturing Lithium Iron Phosphate (C-LFP), involves an investment of Rs 210 Crores with an initial capacity of 3GWH/PA to be expanded to a capacity of 10GWH with a total investment outlay of Rs 750 crores by 2030. The proposed facility would create employment for 600 highly skilled and semi-skilled professionals.

Inspire Brands, a global multi-brand restaurant corporation, announced the establishment of its Support Centre in Hyderabad on Thursday. The centre would support across four verticals viz. IT Infrastructure & Dev Ops, Restaurant Tech, Digital Tech and Enterprise Data.

WebPT, which offers a robust end-to-end solution supporting outpatient rehabilitation therapy patients and practice management, on Thursday announced its new Global Capabilities Center (GCC) in Hyderabad. The announcement was made at a meeting held on the sidelines of the World Economic Forum between representatives of the Telangana government and the company.

Apollo Tyres Ltd, in partnership with the Telangana Government, on Tuesday announced the launch of a Digital Innovation Centre (DIC) in Hyderabad. An MoU was signed after a meeting between the representatives of the company and the Telangana government on the sidelines of the ongoing World Economic Forum (WEF) at Davos. This would be the second Digital Innovation Centre for Apollo Tyres, the first one having been set up in London.