Bin Zayed Group to invest 12,500 crores in Telangana
Dubai-based Bin Zayed Group signed a memorandum of understanding (MoU) with the Telangana government to bring in an investment of about Rs 12,500 crore for infrastructure development projects in the State.
As per the MoU, the group will conduct a feasibility study for investing in road development, Musi Riverfront Development Project, Mission Bhagiratha, Telangana Fibre Grid and the gaming and animation tower proposed in Hyderabad.
14 priority sectors identified: Around 14 sectors, including pharmaceuticals, life sciences, aerospace, IT and textiles, are being given priority for investment in the State.
Venue: India-UAE Partnership Summit in Dubai.
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