The Telangana government has signed multiple memoranda of understanding (MOUs) and secured investment commitments worth nearly 30,000 crore rupees at the World Economic Forum 2026 in Davos.

 

The state signed a major MoU with a prominent Indian industrial conglomerate, Rashmi Group, involving an investment of 12,500 crore rupees to set up a steel production unit in Telangana.

 

An official release stated that the project has the potential to create around 12,000 direct and indirect jobs and significantly strengthen the state’s manufacturing ecosystem. The collaboration also opens opportunities in green manufacturing, circular economy practices, energy-efficient steelmaking, waste heat recovery and sustainable resource utilisation, aligning heavy industry growth with Telangana’s net-zero aspirations.

 

The state also entered into an MoU with a California-based company specialising in energy-efficient AI hardware and full-stack software solutions, Blaize, focusing on scaling its existing Research and Development centre in Hyderabad.

 

Another MoU signed with Dubai Multi Commodities Centre to explore cooperation for startup development, cross-market exposure and ecosystem building.

 

In the clean energy and sustainability sector, Slovakia-based NUkler Products submitted an Expression of Interest for developing a Small Modular Reactor-based clean energy project in Telangana with an installed capacity of up to 300 MW and an estimated investment of 6,000 crore rupees.

 

US-based Sargad also signed an MoU with the Telangana government to invest up to 1,000 crore rupees over the next three to five years in advanced manufacturing and industrial ecosystems.