Chief Minister A. Revanth Reddy has successfully wrapped up his business tour of the United States, securing investment commitments exceeding Rs 31,500 crore, which are expected to create over 30,750 new jobs in Telangana.
During the tour, which spanned major US cities including New York, Washington D.C., Dallas, and California, the delegation engaged in over 50 business meetings and held three Roundtable Conferences. The delegation, which included IT and Industries Minister D. Sridhar Babu and other key officials, garnered substantial support for a range of significant initiatives. These include the development of a Future City, an AI City, and the rejuvenation of the Musi River. The visit was also aimed at positioning Telangana as an attractive alternative for American companies seeking options beyond China.
The delegation’s efforts were highlighted by engagements with CEOs, founders, and business leaders across various sectors. Key deals were secured and expansions were announced in several areas, including IT, global capability centers (GCCs), life sciences, pharmaceuticals, data centers, AI, cloud computing, electric vehicles and batteries, green energy, FMCG, and manufacturing.
Notable developments in the IT sector include investments from Charles Schwab GCC, a leading financial services corporation, and a new HR solutions deal with Trinet. Significant expansions by global IT giants Cognizant and Arcesium further solidify Hyderabad’s status as a hub for IT and GCC activities. Additionally, the pharmaceutical and life sciences sectors saw new investments from nearly a dozen American companies.
Key announcements include a memorandum of understanding with Corning for skilling and flow chemistry, which underscores the company’s commitment to growth in Telangana and enhances the city’s R&D capabilities. Amgen, a leading biotech company, announced plans to establish a new R&D tech facility in Hyderabad. Zoetis Inc. will set up a new GCC, while HCA and Thermo Fisher are expanding their operations, all of which are expected to strengthen Telangana’s life sciences ecosystem.
Amazon has also committed to expanding its data center presence in Hyderabad, with plans to use the city as a major hub for its India operations. Aurum Equity announced the establishment of an AI-powered green data center, and Monarch Tractors will contribute to Telangana’s goals in high-end manufacturing.
Chief Minister Revanth Reddy noted, “The trip has opened numerous avenues for accelerated partnerships and showcased our potential for new opportunities. Our ambitious plans in AI and the Future City project have attracted considerable interest from corporations, startups, and business leaders.”
Minister D. Sridhar Babu expressed satisfaction with the results, stating, “We have exceeded our initial goals, generating significant excitement in the American business community. The anticipated impact on investments and job creation is substantial. We look forward to rigorous follow-up and securing further agreements in the coming months.”
Chief Minister Revanth Reddy is now set to continue his international engagements with a visit to South Korea.
