Hyderabad: Chief minister A Revanth Reddy, who returned from his tour of the US and South Korea on Wednesday, said Korean companies will be investing Rs 4,500 crore in Telangana , with Youngone Corporation setting up a fashion city in Hyderabad, Hyundai Motors establishing a mega automotive testing centre, and other firms investing in cosmetics, pharma, LED, and other sectors. In all, the CM-led team was successful in signing agreements for Rs 31,502 crore investments from its US tour, Rs 4,500 crore from South Korea, and another Rs 40,232 crore from their visit to Davos earlier this year, totalling Rs 76,232 crore in investments, officials said. Youngone Corporation, which already partnered to set up textile manufacturing industries in Warangal Mega Textile Park, announced that it will open a fashion city in Hyderabad.
The CM assured that 10 acres will be allocated near the airport. The CM handed over the letter of consent on behalf of the govt to the Youngone Corporation chairman. The CM and representatives of various companies sought mutual cooperation to set up cosmetics manufacturing industries in the state.
The state govt entered into an MoU with the Korean Beauty Industry Trade Association to explore the possibilities and feasibility of manufacturing in Telangana. Three more Korean companies also announced their plans to invest in Telangana. Dongbang Pharma Company will invest Rs 200 crore to set up an API manufacturing centre.
JI Tech Company came forward to set up a research and development centre along with an LED material manufacturing plant by investing Rs 100 crore. Chaevi Company has announced plans to build EV charging infrastructure in Hyderabad. The official delegation led by Revanth also held discussions with the representatives of LS Group, POSCO, LG, Samsung C&T, Samsung Health Care, Crofton, UU Pharma, and GS Caltex companies.
The CM invited all these companies to invest in Telangana as part of their future expansion plans. The CM also visited the Korean National Sports University which trained all the winners of the recent Olympics. The CM is planning to establish a sports university on the same lines in Telangana.
We also published the following articles recently CM Revanth Reddy ends US tour with over Rs 31k crore Telangana investment plans Chief Minister A Revanth Reddy and his delegation concluded their US tour, securing over Rs 31,500 crore in investments and aiming to create 30,000 jobs in Telangana. They engaged with business leaders and secured major deals in AI, IT, pharma, and green energy. The team is now headed to South Korea for further investment opportunities.
CM Revanth ends US tour with over 31k crT investment plans Chief Minister A Revanth Reddy's team completed a successful US tour, securing over Rs 31,500 crore in investments and creating around 30,000 jobs for Telangana. The delegation's meetings with business leaders resulted in significant deals in IT, life sciences, AI, and green energy sectors, with major corporations announcing expansions in Hyderabad's data centers and R&D facilities. Kerala attracting investments in EV manufacturing, holding talks with Mahindra Kerala aimed to attract investments in electric vehicle manufacturing from both domestic and international companies.
The state, leading India's EV adoption, sought to transform Thiruvananthapuram into an automotive technology hub. The initiative included discussions with companies like Mahindra and international firms. The roadshow also focused on sectors like aerospace, AI, and medical devices.
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