In a significant development, the Trump Media and Technology Group has announced plans to invest a substantial sum of Rs 1 lakh crore in the upcoming Bharat Future City in Telangana over the next decade. The announcement was made by Eric Swider, Director of the company, on Monday, December 8.
The proposed investment is part of a broader USD 5 billion foreign direct investment initiative that the Trump Media and Technology Group plans to anchor in Telangana. This move is expected to bolster the region’s economic growth and potentially create numerous job opportunities.
Notably, this announcement comes amidst ongoing discussions between the Telangana government and the US-based company regarding the investment plan. The state government has expressed optimism about the potential benefits that such an investment could bring to the region.
While details about the specific sectors or projects that will receive funding under this investment initiative are yet to be disclosed, it is expected to contribute significantly to the state’s industrial and technological development.
This news follows recent reports suggesting that the Trump Media and Technology Group is also considering investing in other ventures in India. However, the company has not issued any official statements regarding these potential investments at this time.
