Telangana has showcased its economic strength on the global stage during the World Economic Forum (WEF) 2026 held in Davos, Switzerland. Chief Minister A. The ‘Telangana Rising’ delegation led by Revanth Reddy on Tuesday (January 21, 2026) secured investment for a huge steel plant worth Rs 12,500 crore.
Along with this, CM Revanth Reddy presented a sensational proposal to the world, in which he expressed his ambition to make Hyderabad the annual meeting place of global investors (Follow-up WEF forum) every year in the month of July.
Investment of Rs 12,500 crore will provide employment to 12 thousand people
The biggest success for the delegation came in the form of the Memorandum of Understanding (MoU) signed with Rashmi Group, in which the company has agreed to invest Rs 12,500 crore to set up a steel production unit in the state, which will provide employment to 12,000 people.
Promoting industrial diversification, AB InBev, the world’s largest brewery, has announced the expansion of its existing facilities. In the technology sector, California-based Blaize signed MoUs for AI and semiconductor sectors, while L’Oréal announced plans to open the world’s first ‘beauty-tech’ Global Capability Center (GCC) in Hyderabad by November 2026. At the same time, in the energy sector, Slovakia’s NUkler has shown interest in the Small Modular Reactor (SMR) project worth Rs 6,000 crore.
Telangana will emerge as the best smart city of India- Reddy
Apart from these investments, CM Revanth Reddy released the Telangana AI Innovation Hub (TAIH) and the ‘Telangana Next-Gen Life Sciences Policy 2026-2030’ during the ‘Join the Rise’ event. He said that after Das, Hyderabad will be made a 24-hour city and it will emerge as the best ‘smart city’ of India.
Also, Sargad company will invest Rs 1,000 crore to set up an aviation MRO facility in Warangal or Adilabad. Famous actor Chiranjeevi was also present on the occasion, who entertained the investors attending the event.
Investment in the field of modern technology was attracted from heavy industries.
This Davos visit will prove to be a milestone for Telangana, which has attracted investment in sectors ranging from heavy industries to modern technology. After an investment of Rs 5.75 lakh crore at the ‘Telangana Rising Global Summit’ held in December 2025, these new agreements have now given a major impetus to the state towards meeting the target of becoming a $3 trillion economy by 2047.
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