Hyderabad, December 4: In an encouraging development for the state’s economy, several multinational companies have expressed their intention to invest in Telangana. This announcement comes ahead of the Telangana Rising Summit scheduled for December 8 and 9 in Hyderabad.
Among these potential investors, Foodlink F&B Holdings (India) Pvt. Ltd., a leading player in India’s food and beverage sector, has proposed an Integrated Global Convention and Expo Centre with three hotels in Future City. The project, worth ₹3,000 crore, is set to bolster the state’s tourism sector.
Meanwhile, TCS-TPG, a strategic partnership between Tata Consultancy Services (TCS) and global private equity firm The Texas Pacific Group (TPG), has plans to establish Hypervault Data Centres in the city. This proposed investment of ₹70,000 crore is aimed at boosting the industries sector.
These investments come amidst the state government’s efforts to attract foreign and domestic investments through various initiatives. The Telangana Rising Summit is expected to provide a platform for businesses to explore opportunities in the state.
Stay tuned as we bring you more updates from the event.
