In a significant move to boost the regional economy, the Telangana government has secured substantial investments worth several thousands of crores during the first two days of the World Economic Forum (WEF) annual meeting in Davos. The event, which began on January 19, has seen various industry leaders expressing interest in investing in the state.
One of the key investments announced is from the Rashmi Group, an Indian conglomerate with businesses spanning iron, steel, cement, power, and ferro alloy industries. The group has agreed to invest Rs 12,500 crore in Telangana to establish a steel production unit, potentially creating 12,000 direct and indirect jobs.
US-based private equity firm Sargad also signed an agreement to invest Rs 1,000 crore over three to five years. The company’s founder and CEO, Srinivas Thota, met with the Telangana delegation and expressed an interest in establishing an aviation Maintenance, Repair, and Overhaul (MRO) facility in the state.
French multinational company L’Oréal will inaugurate its beauty tech hub in Hyderabad in November 2026, with an initial investment of nearly Rs 3,500 crore.
In a bid to strengthen its position in the life sciences sector, the Telangana government aims to attract USD 25 billion investments over the next five years. The state government unveiled the Telangana Next-Gen Life Sciences Policy 2026–2030 at Davos, outlining a roadmap to position Telangana among the top five global life sciences clusters by 2030.
Industries Minister D Sridhar Babu detailed that the policy targets USD 25 billion in investments and the creation of 5 lakh new jobs, with a strong focus on high-value Research & Development (R&D) and environmentally sustainable manufacturing. Key initiatives include Green Pharma City and flagship Pharma Villages. The state government will also establish a dedicated Life Sciences Innovation Fund, scalable up to Rs 1,000 crore ($111 million).
Telangana currently contributes 40% of India’s pharmaceutical production. With these strategic investments and policies, the state is set to further solidify its position in the industry.
**Tags:** Telangana, World Economic Forum, Investments, Davos, Rashmi Group, Sargad, L’Oréal, Life Sciences Policy, Green Pharma City, Pharma Villages, Life Sciences Innovation Fund
