Hyderabad, March 26 (RAHNUMA): Minister for IT and Industries Duddilla Sridhar Babu announced that during the visits to Davos in 2024 and 2025, the Telangana government has entered into a total of 44 Memoranda of Understanding (MoUs) with various corporations, which encompass investments totaling ₹2.19 lakh crore. These investments are presently at various stages of implementation. Consequently, it is anticipated that 68,150 direct employment opportunities will be generated in Telangana, he said.
Giving a reply to the questions raised by members Katipalli Venkataramana Reddy, Payal Shankar, and Dhanpal Satyanarayana in the Assembly on Thursday, the Minister said that during these visits, land has already been allocated to 6 companies that signed MoUs involving investments worth ₹81,800 crore.
Through this process, the state government has generated ₹1,540 crore in revenue. Additionally, land has been identified for allocation to 3 more companies, with a proposed investment of around ₹30,000 crore, he said.
The Minister said the Nizamabad IT tower has a total seating capacity of 681. Currently, 11 companies are operating from the facility and a total of 276 employees are working there.
Sridhar Babu said the malicious propaganda by the opposition regarding investments is completely unjustified and alleged that opposition parties are unable to tolerate the fact that we are bringing investments into the Telangana state.
“For the sake of selfish politics, spreading such false narratives out of anger against us is not good for the State,” he said.
“I am fully committed to transparency in the portfolios I oversee. Not just today—even in the future, I will stand by this commitment and act accordingly. We are ready to release a White Paper on MoUs, investments, companies, and related aspects. We are also open to a short discussion on the subject,” Sridhar Babu said.
The Minister said the government is working with complete sincerity to ground every MoU signed during Davos visits and other occasions and there should be no doubt about our commitment in this regard.
Davos edition – MoUs & Investments (₹ in crore):
2024 – 18 MoUs – ₹40,232 crore ; 2025 – 26 MoUs – ₹1,78,950 crore ; Total – 44 MoUs – ₹2,19,182 crore
