Deccan Region Today

Davos meeting: $12 billion Brookfield-Andhra Pradesh partnership advances

The government of Andhra Pradesh has reaffirmed its fast-moving strategic partnership with Brookfield Asset Management following a high-level meeting between the state's Minister for IT, Electronics and Education, Nara Lokesh and Brookfield Asset Management President Connor Teskey. The MoU is among the largest clean-infrastructure commitments announced at the summit and highlights Andhra Pradesh's growing profile as a destination for large-scale, sustainable investments.

Lokesh invites Iron Mountain to set up technology hub and centre of excellence

State HRD and IT minister Nara Lokesh invited US-based Iron Mountain to establish a regional technology operations hub in Visakhapatnam to support India and APAC data centres. He met Iron Mountain president and CEO William L Meaney on Tuesday at World Economic Forum. Lokesh also requested the company to set up a Centre of Excellence at public universities in Andhra Pradesh, focusing on applied innovations, talent development, and research and development, with a focus on data management, secure storage technologies, and digital infrastructure.

Davos WEF meeting: Chandrababu Naidu proposes Israeli industrial park in Andhra Pradesh

At Andhra CM Chandrababu Naidu's meeting with Israeli representatives at the WEF venue, establishing an Israel Industrial Park in Andhra Pradesh was proposed. This park would host Israeli firms in med-tech, aero-defence and clean-tech sectors. Discussions also covered defence, aerospace and UAV ecosystems. In the meeting with Nir Barkat, Minister for Economy and Industry, Israel, Roey Fisher, trade commissioner and Shir Slutzky, head of the Israel Economy and Trade Mission to Switzerland, the Chief Minister proposed that the industrial park could anchor Israeli firms.

Minister MB Patil invites global firms to invest in Karnataka
Minister for Large and Medium Industries M B Patil, who is participating in the World Economic Forum (WEF) Annual Meeting in Davos, on Monday held discussions with senior representatives of Menzies Aviation, UPL, The Coca-Cola Company, Tata Sons, Anheuser-Busch InBev (AB InBev) and Natural Fiber Welding (NFW Earth). Following a $25 million cargo investment in Bengaluru, Menzies Aviation is looking to invest another $10 million for additional services at the airport, according to the Minister at Davos.

Davos 2026: Karnataka holds investment talks with ReNew Power, Xylem, Octopus Energy

Karnataka's Minister for Large and Medium Industries M B Patil held discussions with ReNew Power, Xylem Inc and Octopus Energy at the World Economic Forum in Davos, focusing on investment opportunities in renewable energy, water infrastructure and power-sector modernisation. On the second day of the summit on Tuesday, ReNew Power, known for its solar, wind and hybrid power projects, briefed the Karnataka delegation on its proposed plans, while the state outlined its power grid infrastructure, opportunities in renewable energy generation and prospects in energy storage, according to a state government press release.

At Davos, Kerala pitches itself as future-ready investment hub
The Kerala stall at the World Economic Forum (WEF) is attracting attention from global industry leaders. Industries Minister P Rajeeve, who led Kerala’s high-profile delegation to the World Economic Forum (WEF) annual meeting in Davos, had a series of engagements with industry stakeholders from around the world, focusing on significant investment opportunities in the state across various verticals. In his meeting with Malgorzata Mroczkowska-Horne, Director General of the Polish Confederation Lewiatan, Rajeeve explored the possibility of building economic cooperation between Poland and Kerala.

ZF group, company based in Germany commences passenger car business push

Building on its long-standing and diversified presence in India ZF Group, a global automotive parts player, is now expanding into a standalone passenger car parts business in the country, parts business in the country, commencing local production of electric park brake (EPB) systems at Oragadam near Chennai. ZF has been operating in India for decades and produces parts for commercial vehicles, industrial technology, wind energy and construction equipment.

L’Oréal to invest $383 million in Indian beauty tech hub

French cosmetics giant L’Oréal , opens new tab said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment of over 35 billion rupees ($383.4 million). The hub aims to be a global base for AI‑driven beauty innovation, create 2,000 tech jobs through 2030, and speed up the rollout of advanced AI beauty solutions. Nicolas Hieronimus, L’Oréal CEO, and the state government of Telangana formalized the partnership at the World Economic Forum, Davos. Telangana has rapidly emerged as a key investment and technology hub in southern India.

Global brewer AB InBev to expand existing facility in Telangana; CM delegation meets in Davos
AB InBev, a global brewer, said it will invest a significant amount for expanding its existing facility in Telangana. The new investment in expansion would generate significant additional revenue every year for the state, the company said. The company, with two manufacturing plants in Telangana and providing employment to 600 people, has operational presence in over 50 countries. The meeting also focused on potential areas of engagement in areas like circular water use, CSR spending in Telangana with a focus on women empowerment, education and skill development.

US-based Blaize signs MoU with Telangana govt to support AI initiatives

Blaize signed an MoU with the Telangana government to support initiatives in electronics, semiconductors, and AI. The partnership will explore industry use-cases for AI solutions in healthcare diagnostics, manufacturing automation, and energy efficiency. The company has raised over $330 million from global investors including Mercedes-Benz and Samsung.

SARGAD and Government of Telangana Sign MOU to invest $100 Million USD in aerospace & defense manufacturing ecosystem

At the World Economic Forum today, SARGAD LLC and the Government of Telangana signed a Memorandum of Understanding to establish AeroNxt, a collaborative initiative to modernize India's aerospace and defense manufacturing ecosystem. The MOU was signed at the India Pavilion during the WEF Annual Meeting 2026, with SARGAD targeting deployment of up to $100 million USD in the state's aerospace & defense sector over the next several years. The initiative addresses a critical supply chain gap as global air travel continues to expand and demand for new aircraft and their sustainment accelerates.