Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit for a proposed investment of USD 3 billion. The investment will be implemented in phases to develop a multi-sector ecosystem in the state.
Under the MoU, Vingroup and the Telangana government will explore opportunities in key sectors such as smart urban development, electric mobility, healthcare, education, tourism, renewable energy, charging infrastructure across 2,500 hectares, and electric taxi services. The partnership aims to support the state’s socio-economic development and long-term growth, marking a major step in Vingroup’s global expansion.
Electric Mobility: Vingroup plans to bring India’s first large-scale electric taxi fleet to Telangana using VinFast vehicles. They will also introduce a mobility-as-a-service platform and may explore opportunities in electric vehicle manufacturing in the future.
Urban Development: Vingroup aims to build the Vinhomes Smart City on a 1,080-hectare site for around 200,000 residents. The project will create about 10,000 jobs and include a mix of low-rise and high-rise buildings, international-standard amenities, a small built-up footprint, and sustainable planning.
Social Infrastructure: The company plans to develop essential facilities on 70 hectares, including Vinschool’s K-12 education system, Vinmec multi-specialty hospitals, and the V-Green electric vehicle charging network.
Tourism and Entertainment: Through VinWonders, Vingroup will create an integrated complex with a theme park, zoo, and safari across 350 hectares, boosting Telangana’s tourism and creating many jobs.
Renewable Energy: Vingroup, via VinEnergo, plans to invest in a 500 MW solar farm on 500 hectares to supply green electricity for cities, industrial areas, and the electric mobility ecosystem.
Connectivity Infrastructure: Vingroup also intends to support the development of strategic connectivity projects to improve regional links and enable better urban growth.
Sri A. Revanth Reddy, Hon’ble Chief Minister, Government of Telangana, stated: “The USD 3 billion investment by Vingroup is a massive vote of confidence in the ‘Telangana Rising’ vision, particularly our focus on sustainable urban development and green infrastructure. This is more than capital; it’s a partnership to build a futuristic, net-zero city and introduce India’s first large-scale electric taxi fleet, directly improving the quality of life for our citizens. Our government guarantees accelerated execution to ensure this global vision becomes a local reality.”
Sri D. Sridhar Babu, Hon’ble Industries Minister, Government of Telangana, said: “Vingroup’s multi-sectoral commitment, spanning smart cities, solar power, and advanced social infrastructure like hospitals and schools, demonstrates the stability and breadth of Telangana’s industrial policy. We are committed to translating this significant capital inflow into local opportunity, positioning Telangana as the gateway for Vietnamese and South-East Asian investment into India’s fastest-growing economy.”
Mr. Sanjay Kumar, IAS, Special Chief Secretary to the Government, Government of Telangana said: “We welcome Vingroup’s presence in Telangana and recognize the achievements the Group has made in Vietnam, particularly in urban development, green infrastructure and electrified transportation. With the Group’s extensive expertise and capability to execute large-scale projects, we believe that this cooperation will mark an important step forward in shaping a modern and sustainable urban landscape and improving the quality of life for the people of Telangana.”
Mr. Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, stated: “Vingroup sees tremendous potential in Telangana and we aspire to build a long-term partnership with the state government. With our proven track record in delivering mega urban developments, large-scale infrastructure and a comprehensive electric mobility ecosystem, we believe that our collaboration with Telangana will generate tangible value, promote sustainable development and enhance the quality of life for local residents.”
Telangana is an important state in India with around 38.5 million people. It is a major technology and economic hub in Southern India, attracting global investors because of its strong business environment and growth potential, especially in the software sector.
Vingroup is Vietnam’s largest private multi-sector company. It works across six main areas: Industrials & Technology, Real Estate & Services, Infrastructure, Green Energy, Culture, and Social Enterprises. The company’s vision is “To create a better life for people.”
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