The Telangana government has sealed MoUs worth over Rs 36,500 crore at the World Economic Forum being held at Davos Corporate biggies such as Adani Group and JSW are among the investors that signed MoUs with the state government in the presence of Chief Minister Revanth Reddy who is currently camping in Davos along with Industries Minister D Sridhar Babu and some senior officials.
According to a press release issued by the Congress government, Adani Group has announced investments worth Rs 12,400 crore for setting up Pumped Storage Projects, Data Centers, Counter Drone Systems and Missile Development and Manufacturing Centres at the Adani Aerospace and Defence Park here, apart from a Cement Grinding unit in the state.