Vietnamese conglomerate Vingroup has signed a Memorandum of Understanding (MoU) with the Telangana government to invest USD 3 billion in creating a large, integrated development ecosystem across the state. The announcement, made at the Telangana Rising Global Summit, marks one of the biggest investment commitments by a Southeast Asian company in India, reports India Today.
Under the MoU, Vingroup and the state government will work together on projects covering smart urban development, electric mobility, healthcare, education, tourism, renewable energy and major infrastructure. These initiatives will span about 2,500 hectares statewide. The investment strengthens Vingroup’s global expansion strategy and builds on the entry of its electric vehicle brand VinFast into India earlier this year.
A major focus is Vingroup’s plan to launch India’s first large electric taxi fleet in Telangana through GSM, using VinFast electric vehicles. The company will also explore the potential for future EV manufacturing in the state.
Vingroup’s real estate arm will develop Vinhomes Smart City, a 1,080-hectare township designed for around 200,000 residents. The project will generate nearly 10,000 jobs and include a mix of high-rise and low-rise housing, international-standard amenities, sustainable design features and a limited construction footprint to protect green spaces.
Across 70 hectares, Vingroup will set up Vinschool K–12 campuses, Vinmec international multi-specialty hospitals and a V-Green EV charging network to support Telangana’s shift to electric mobility.
To boost tourism, the group will develop a 350-hectare VinWonders entertainment complex featuring a world-class theme park, a zoo and a safari. The project is expected to generate significant employment and attract visitors from across India and abroad.
Through its clean energy arm VinEnergo, Vingroup will establish a 500 MW solar power plant covering 500 hectares. The facility will supply renewable electricity to industrial hubs, urban centres and the upcoming electric mobility network.
Vingroup has also proposed participating in strategic infrastructure projects to improve regional connectivity and support the state’s long-term urban development. The Telangana government has committed to identifying and allocating land, coordinating master planning, providing fast-track approvals, extending departmental support and considering incentives under existing policies.
Chief Minister Revanth Reddy said the investment demonstrates strong confidence in the state’s “Telangana Rising” vision and will support the creation of a modern smart city and the country’s first large electric taxi fleet.
Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, said Telangana has “immense potential” and that the proposed projects reflect Vingroup’s strengths in large-scale development and electric mobility. VinFast already has operations in Tamil Nadu and is expanding its electric vehicle ecosystem across India.
