Hyderabad: On the third day of attending the World Economic Forum (WEF) 2026 at the snowy Davos in Switzerland, the Telangana government continued its strategic business engagements, securing investments worth over Rs 5,600 crore from UPC Volt and Schneider Electric.
Later in the day, the delegation also held talks with the INOX Group, which expressed willingness to invest in solar and wind power production in the state. Two MoUs were signed for AI skilling initiatives, while Godrej was urged to invest in infrastructure in Bharat Future and expand its current operations.
Chief Minister A Revanth Reddy also proposed holding a follow-up WEF meet in Hyderabad to WEF managing director Jeremy Jurgens, who responded “very positively,” the Chief Minister’s Office (CMO) said.
Additionally, the Telangana government also launched its artificial intelligence (AI) innovation entity, Aikam, on the sidelines of the forum.
UPC Volt to set up AI-ready data centre in Bharat Future City
UPC Volt, a joint venture between the Netherlands-based partners UPC Renewables Group and VOLT Data Centres, said it was ready to set up a 100 MW AI-ready data centre in Bharat Future City, proposed to be developed by the Telangana government on the outskirts of Hyderabad, with an investment of Rs 5,000 crore, the Chief Minister’s Office said on Thursday, January 22.
The proposed investment of Rs 5,000 crore, over five years, is expected to create more than 3,000 direct and indirect jobs during construction and over 800 direct and indirect jobs during operation. A memorandum of understanding (MOU) was signed to this effect, the CMO added.
Schneider Electric to expand Hyderabad facilities
The Telangana delegation also met the CEO of Schneider Electric India, Deepak Sharma, who expressed willingness to expand their existing Gagillapur and Shamshabad facilities at an investment of Rs 623 crore.
The expansion will help increase production capacity for electrical safety equipment such as air circuit breakers (ACB), moulded case circuit breakers (MCCB), contactors and push buttons.
INOX Group to explore solar and wind power production
In order to transform Telangana’s CURE (Core Urban Region Economy) into a net-zero emission metropolis, the state’s delegation exchanged views with the Director of INOX Group, Devansh Jain.
Minister Sridhar Babu explained that Telangana aims to meet data centres’ power requirements through renewable sources. In view of this, INOX proposed plans to produce solar and wind power in the state before diversifying into manufacturing, the CMO said.
MoUs signed for AI skilling in Telangana
An MoU was signed with UK-based education and publishing company Pearson, to support the government in AI initiatives for the Global AI Academy being set up under Telangana AI Innovation Hub (TAIH).
Similarly, an MoU was also signed with AI CoLab, which stands for ‘Collaborative Center for Artificial Intelligence in Healthcare Research and Education’ of Georgetown University, to collaborate with the state on applied research and capacity-building initiatives in AI, primarily aligned to the healthcare domain.
Telangana also signed an MoU with Dubai Multi Commodities Centre (DMCC) to focus on development opportunities for startups through exposure to both countries’ markets.
Godrej may invest Rs 150 crore for expansion of Creamline Dairy plant
The Telangana delegation met Chairman and Managing Director of Godrej Industries Nadir Godrej, and discussed the expansion of the company’s Creamline Dairy plant in Hyderabad at an investment of 150 crore.
The delegation also recommended that the company build social infrastructure in Bharat Future City, adding value to its urban ecosystem.
Telangana launches Aikam
The Telangana government also officially launched Aikam, its flagship autonomous, unified and globally oriented AI innovation entity.
Aikam brings together a “powerful set of capabilities” under a unified framework, including developing a globally competitive AI workforce through mass upskilling, accelerating AI-first startups, and deepening research–industry collaboration, supported by population-scale datasets, highly efficient compute infrastructure and a dedicated AI Fund-of-Funds, an official release said.
(With inputs from PTI)
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