Chief Minister Revanth Reddy of Telangana wrapped up his inaugural official visit to the United States with a successful outcome, securing approximately $3.8 billion (INR 31,500 crore) in investments for the state.
The tour, characterized by its high profile, involved over 50 business meetings, three roundtable conferences, and numerous field visits. These activities culminated in 19 investment agreements and memorandums of understanding, promising to create 30,750 new jobs in Telangana.
The delegation, which included IT and Industries Minister D. Sridhar Babu along with key officials, showcased Telangana as the “Future State” and its capital city Hyderabad as “Hyderabad 4.0” to American business leaders. Their interactions with CEOs, founders, and various business groups across major cities like New York, Washington D.C., Dallas, and California were aimed at positioning Telangana as a viable alternative to China for U.S. investments.
The visit resulted in significant deals across diverse sectors, including IT, AI, Pharma, Life Sciences, Electric Vehicles, Data Centres, and Manufacturing. Notable announcements featured the establishment of a new Global Capability Center (GCC) by Charles Schwab, substantial expansions by global IT giants Cognizant and Arcesium, and a new research and development tech facility by the biotech leader Amgen.
Chief Minister Revanth Reddy reflected on the visit, stating, “The trip opened up myriad areas for accelerated partnerships, setting new horizons and showcasing our wealth of potential for newer opportunities. From our plans in AI to building the Future City, corporations, startups, and business leaders have agreed to take our breathtaking vision forward.”
Minister D. Sridhar Babu expressed his satisfaction with the results, noting, “We have exceeded our goals, which were audacious to begin with. I am delighted we could generate so much excitement in the American business world, which will lead to a multifold impact on investments and new jobs. The pipeline ahead is exciting, and we will rigorously follow up to ensure many more closures in the coming months.”
