108 investment MoUs in two years — and a Rs 70,000 crore TCS data centre in Future City
Looking back · September 2026
Originally reported by Deccan Chronicle
Hyderabad Stories published this report on 11 October 2026 as part of a review of September 2026. It was drafted with AI assistance from the reports listed at the end, each read in full; quotations are as those reports printed them. Photo above — Illustrative: a data-centre server room (not the TCS facility).
During Question Hour on Friday, 11 September 2026, Industries Minister D. Sridhar Babu told the Assembly that the state had signed 108 MoUs with companies across 2025 and 2026, in IT, data centres and other industrial sectors. UNI reported the proposed investment at Rs 5.86 lakh crore.
The biggest single project
The minister pointed to TCS's planned 1 GW "HyperVault" data centre, a Rs 70,000 crore project for which the government has already allotted land in Future City. It is expected to create about 7,000 direct jobs — including plumbers and electricians — and 10,000–15,000 indirect ones. "This investment is a matter of pride for the state," he said.
The questions
BJP MLA Palvai Harish Babu noted that data centres have faced opposition abroad. Addressing concerns about water and power, the minister said companies cite newer, less water-intensive technologies, and that "we cannot seek to stop technological advances." He also acknowledged that not every MoU signed with investors materialises, owing to factors including financial closure.
Sources
- Telangana signs 108 investment MoUs in 2 years: Sridhar Babu — Deccan Chronicle, 11 September 2026
- Not all MoUs signed with investors materialise, admits Sridhar Babu — Telangana Today, 11 September 2026
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