Overview
- Signed at the Telangana Rising Global Summit, the non-binding pact proposes a phased multi-sector ecosystem worth $3 billion across roughly 2,500 hectares with no disbursement timeline disclosed.
- A 1,080-hectare Vinhomes Smart City is planned for about 200,000 residents and is projected to create around 10,000 jobs.
- Vingroup’s affiliate GSM aims to launch what it describes as India’s first large-scale electric taxi fleet using VinFast vehicles, with potential local EV manufacturing only under consideration.
- The plan includes a 500 MW solar farm over about 500 hectares by VinEnergo and a V-Green charging network, alongside social infrastructure and a 350-hectare VinWonders theme park and safari.
- Telangana will facilitate land identification and allocation, coordinate master planning and fast-track approvals, as the initiative is positioned as larger than Vingroup’s $2 billion VinFast plant in North Carolina.