Telangana launches ₹60,000 crore Amazon data center, eyes $1 trillion economy

Telangana's Chief Minister A. Revanth Reddy has laid the foundation stone for a massive ₹60,000 crore Amazon data center near Hyderabad, signaling a major push to attract global investments into the state. Reddy stated that the project will serve as a significant catalyst for foreign investment, encouraging multinational corporations to establish a presence in the envisioned Bharat Future City.

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The data centre project will significantly boost investor confidence and encourage more multinational companies to establish operations in the upcoming Future City, which the government envisions as one of the world’s most advanced and sustainable urban centres.

The state government is actively pursuing its long-term economic vision, outlined in the "Telangana Rising-2047" strategy, which aims to transform Telangana into a $1 trillion economy by 2034 and a $3 trillion economy by 2047. Attracting substantial investments and generating large-scale employment opportunities are central to achieving these ambitious goals. Reddy assured potential investors of the government's commitment to providing world-class infrastructure, streamlined approvals, and comprehensive support for industrial development.

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The government was committed to providing world-class infrastructure, seamless approvals and all necessary facilities required for industrial development.

Reddy urged Amazon to further expand its operations in Telangana, expressing hope that the company's cumulative investments would reach ₹1 lakh crore by 2034. To ensure progress, the government plans to conduct monthly review meetings for industrial projects, with dedicated sessions for Amazon's investments. The chief minister emphasized the multiplier effect of such large-scale investments, anticipating that they will attract ancillary industries and stimulate further business activity in the surrounding region.

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He expressed hope that the company would raise its cumulative investments in Telangana to ₹1 lakh crore by 2034.

Beyond economic development, the government is focused on transforming Hyderabad into a pollution-free city. Plans include the gradual relocation of polluting industries, rejuvenation of the Musi River, and expansion of the Metro Rail network. In line with its clean mobility initiative, Telangana is working to convert the state's bus fleet to electric and retrofit nearly 200,000 diesel autorickshaws to electric power. Despite an estimated annual revenue loss of ₹1,500 crore, the government has granted a complete exemption from registration tax on electric vehicles to promote their adoption and prevent severe pollution challenges seen in other Indian cities.

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The move is aimed at ensuring Hyderabad does not face the severe pollution challenges witnessed in several other major Indian cities.