Vingroup enters into strategic cooperation with Telangana state, expanding ecosystem in India

Vingroup announced the signing of a Memorandum of Understanding (MOU) with the Government of Telangana State (India) at the Telangana Rising Global Summit, with a proposal to invest about 3 billion USD in phases to develop a multi-industry ecosystem in Telangana State.

The agreement is the beginning of a strategic investment plan in the locality in many key areas, and marks an important milestone in the international journey of Vingroup's multi-industry ecosystem, affirming the stature and capacity of Vietnamese enterprises on the world economic map.

According to the MOU, the two sides will coordinate to study strategic cooperation opportunities in many fields such as smart cities, manufacturing, healthcare, education , tourism, renewable energy, charging station infrastructure on a total area of about 2,500 hectares in Telangana, besides green taxi services.

Specifically, in the field of green transportation, Vingroup proposed to deploy the first large-scale SM Green electric taxi model in India in Telangana state, combining a smart mobility service platform. At the same time, the Group can also study potential opportunities related to the initiative to produce electric vehicles in the future.

In the field of urban development, Vingroup aims to build a smart, sustainable metropolis on a scale of 1,080 hectares, providing accommodation for about 200,000 residents. The project is expected to create about 10,000 jobs, will include low-rise and high-rise buildings, and an international-class "all-in-one" utility system.

In the field of social infrastructure, the Group proposes to develop a system of essential works on a planned land fund of about 70 hectares, including Vinschool inter-level schools, Vinmec international general hospital and V-Green electric vehicle charging station network.

In the field of tourism and entertainment, Vingroup, through VinWonders, hopes to build a complex of theme parks, zoos, and semi-wild animal reserves (safari) on an area of about 350 hectares, contributing to the development of Telangana's tourism infrastructure and creating a large number of jobs in the locality.

In the field of renewable energy, Vingroup, through VinEnergo, proposed to invest in a 500 MW solar power project on an area of about 485 hectares, providing a stable green power source for urban areas, industrial parks and the entire electrified transport ecosystem.

Mr. Pham Sanh Chau (left), General Director of Vingroup Asia and General Director of VinFast Asia, and Mr. Sanjay Kumar, Deputy Minister of Industry and Trade, Government of Telangana State, at the signing ceremony.

In addition to the above items, Vingroup also proposed to participate in developing strategic connecting infrastructure routes to strengthen regional connectivity and improve urban space development capacity.

On the government side, Telangana pledged to support the search and facilitate the allocation of suitable land plots for each item, coordinate in the overall planning and project structure, handle procedures and mobilize relevant agencies to prepare necessary connecting infrastructure. The state government also considered applying incentives according to current policies and accompanied Vingroup in the research and implementation process to ensure the progress and effectiveness of cooperation projects.

The MOU with Telangana is an important foundation for Vingroup to realize large-scale investment projects, directly contributing to Telangana's economic growth and enhancing the footprint of Vietnamese enterprises in the international market. At the same time, the cooperation between Vingroup and Telangana state also contributes to strengthening Vietnam-India economic relations, promoting connections between the business communities of the two countries and opening up opportunities for deeper cooperation in the future.

Mr. A. Revanth Reddy, Chief Minister of Telangana, said: “Vingroup’s investment of USD 3 billion is a strong testament to our belief in the vision of ‘Telangana Rising’, especially our focus on sustainable urban development and green infrastructure.

This is not just about capital, but also about a partnership to build a city of the future, achieve net zero emissions and deploy India’s first large-scale electric taxi fleet, directly improving the quality of life of its citizens. The state government is committed to accelerating the implementation to ensure this global vision becomes a local reality.”

Mr. D. Sridhar Babu, Minister of Industry, Government of Telangana, said: “Vingroup’s multi-sector investment commitment, ranging from smart cities, solar power to advanced social infrastructure such as hospitals and schools, demonstrates the stability and depth of Telangana’s industrial policy.

We are committed to converting this significant investment into local development opportunities, thereby making Telangana a gateway for investment from Vietnam and Southeast Asia into India’s fastest growing economy.”

Mr. Sanjay Kumar, Deputy Minister of Industry and Commerce, Government of Telangana State, said: “ We welcome Vingroup’s presence in Telangana, and acknowledge the strides the Group has made in Vietnam, especially in the areas of urban development, green infrastructure, and electrified transportation.

With the Group's extensive experience and capacity to implement large-scale projects, we believe that the cooperation between the two sides will mark an important step forward, contributing to the creation of a modern, sustainable urban space and improving the quality of life for the people of Telangana."

Mr. Pham Sanh Chau, General Director of Vingroup Asia and General Director of VinFast Asia, said: “ Vingroup sees great potential in Telangana and we look forward to a long-term partnership with the state government.

With Vingroup’s proven experience in implementing megacities, large-scale infrastructure, and comprehensive electric vehicle ecosystems, we believe that the cooperation projects with Telangana will bring practical value, promote sustainable development and improve the quality of life for people.”

Telangana is a key state of India, with a population of about 38.5 million. As the economic and technological hub of South India, Telangana attracts many global investors thanks to its dynamic business environment and strong growth potential, especially in the software sector.

Vingroup is the largest multi-industry private corporation in Vietnam, operating in 6 core areas: Industry - Technology, Trade - Services, Infrastructure, Energy, Culture, and Social Charity, with the vision "For a better life for everyone".

With its established reputation, scale and capacity, Vingroup is stepping up its activities in the international market. The Group was ranked by TIME Magazine (USA) in the list of “TIME World’s Best Companies 2025” including the 1,000 best companies in the world, recognizing Vingroup’s efforts in sustainable development, innovation and global influence.

Vingroup has previously established a presence in India through its electric vehicle brand VinFast, which has a range of premium products and an assembly plant in Tamil Nadu. VinFast is also building an electric vehicle ecosystem in India, with a shared vision of bringing the green transportation revolution closer to everyone.

Ngoc Linh

Source: https://vtcnews.vn/vingroup-cooperates-in-strategy-with-telangana-state-to-move-the-sinh-thai-tai-an-do-ar991917.html