Heavy investments are likely to pour into Telangana with several companies announcing their intentions including Hyundai that will invest ₹1,400 crore in Telangana Mobility Valley while Swiss-based EMPE Diagnostics has announced setting up of their global production facility at Genome Valley with an aim to produce 2 million tuberculosis (TB) diagnostic kits per month investing ₹25 crore.
Meanwhile, Telangana and Mastercard have signed a Memorandum of Understanding (MoU) to formalize a Digital State Partnership aimed at delivering world-class solutions with a focus on small and medium-sized businesses (SMBs) and farmers.
These announcements came at the World Economic Forum in Davos in the presence of the IT Minister, K.T. Rama Rao, who is leading the Telangana government’s delegation.
