With 20 MoUs signed, Telangana leads investment race at Davos, promises 50,000 job

Chief Minister A Revanth Reddy-led “TelanganaRising” delegation signed as many as 20 MoUs for investments and expansions worth nearly Rs 1.79 lakh crore on the sidelines of the World Economic Forum summit at Davos, Switzerland, with the majority of them for setting up data centres, followed by pumped storage facilities in the state.

A press release from the Chief Minister’s Office said the investments are expected to create nearly 50,000 jobs.