Vingroup has signed a Memorandum of Understanding (MoU) with the Government of Telangana at the Telangana Rising Global Summit, outlining a proposed USD 3 billion phased investment to build a multi-sector ecosystem in the state. Under this partnership, both parties will explore strategic opportunities across key sectors such as smart urban development, electric mobility, healthcare, education, tourism, renewable energy, and charging infrastructure across approximately 2,500 hectares in Telangana. The collaboration also includes potential electric taxi services, aligning with the state’s long-term socio-economic and growth objectives.
This MoU marks a major milestone in Vingroup’s global expansion, strengthening the international presence of one of Vietnam’s leading multi-sector conglomerates.
As part of its electric mobility plan, Vingroup aims to introduce India’s first large-scale electric taxi fleet and mobility-as-a-service platform using VinFast vehicles through GSM in Telangana. The company may also assess future opportunities linked to EV manufacturing in the region.
In the urban development segment, Vingroup plans to create the Vinhomes Smart City, a mega integrated township for approximately 200,000 residents spread across 1,080 hectares. The project is expected to generate around 10,000 jobs and will offer a mix of low-rise and high-rise residences, world-class amenities, minimal built-up footprint, and sustainability-driven urban planning principles.
In social infrastructure, the Group proposes to develop essential facilities on a planned land area of approximately 70 hectares, including Vinschool’s integrated K-12 education system, Vinmec international-standard multi-specialty hospitals and the V-Green electric vehicle charging network.
In tourism and entertainment, Vingroup through VinWonders aims to develop an integrated complex that includes a theme park, zoo, and safari across approximately 350 hectares, enhancing Telangana’s tourism infrastructure and creating large-scale employment.
In renewable energy, Vingroup through VinEnergo proposes to invest in a 500 MW solar farm over an area of approximately 500 hectares to provide a stable source of green electricity for urban areas, industrial zones and the entire electrified mobility ecosystem.
In addition to these initiatives, Vingroup also proposes to participate in the development of strategic connectivity infrastructure to strengthen regional linkages and enhance the capacity for urban spatial development.
On the government side, Telangana commits to supporting the identification and facilitation of land allocation for each project, coordinating in master planning and project structuring, assisting with administrative procedures and mobilizing relevant agencies to prepare the necessary connecting infrastructure. The state government will also consider the application of incentives in line with existing policies and will work closely with Vingroup throughout the research and implementation stages to ensure project progress and effectiveness.
The MoU between Vingroup and Telangana establishes a foundation for realizing large-scale investment projects that will directly contribute to Telangana’s economic growth while strengthening the international presence of Vietnamese enterprises. The partnership also supports the broader economic relationship between Vietnam and India, fostering stronger business community ties and opening opportunities for deeper cooperation in the future.
Sri A. Revanth Reddy, Hon’ble Chief Minister, Government of Telangana, stated: “The USD 3 billion investment by Vingroup is a massive vote of confidence in the ‘Telangana Rising’ vision, particularly our focus on sustainable urban development and green infrastructure. This is more than capital; it’s a partnership to build a futuristic, net-zero city and introduce India’s first large-scale electric taxi fleet, directly improving the quality of life for our citizens. Our government guarantees accelerated execution to ensure this global vision becomes a local reality.”
Sri D. Sridhar Babu, Hon’ble Industries Minister, Government of Telangana, said: “Vingroup’s multi-sectoral commitment, spanning smart cities, solar power, and advanced social infrastructure like hospitals and schools, demonstrates the stability and breadth of Telangana’s industrial policy. We are committed to translating this significant capital inflow into local opportunity, positioning Telangana as the gateway for Vietnamese and South-East Asian investment into India’s fastest-growing economy.”
Mr. Sanjay Kumar, IAS, Special Chief Secretary to the Government, Government of Telangana said: “We welcome Vingroup’s presence in Telangana and recognize the achievements the Group has made in Vietnam, particularly in urban development, green infrastructure and electrified transportation. With the Group’s extensive expertise and capability to execute large-scale projects, we believe that this cooperation will mark an important step forward in shaping a modern and sustainable urban landscape and improving the quality of life for the people of Telangana.”
Mr. Pham Sanh Chau, CEO of Vingroup Asia and VinFast Asia, stated: “Vingroup sees tremendous potential in Telangana and we aspire to build a long-term partnership with the state government. With our proven track record in delivering mega urban developments, large-scale infrastructure and a comprehensive electric mobility ecosystem, we believe that our collaboration with Telangana will generate tangible value, promote sustainable development and enhance the quality of life for local residents.”
Telangana, a key technology and economic hub in Southern India with a population of 38.5 million, continues to attract global investment due to its dynamic business environment and strong growth potential. Vingroup, Vietnam’s largest private multi-sector conglomerate operating across six core pillars, is expanding its global footprint with the vision of creating better lives. Recognized in TIME Magazine’s “World’s Best Companies 2025,” the group has been acknowledged for its sustainability, innovation, and global impact.
Vingroup has already entered the Indian market through its EV arm, VinFast, establishing a premium product lineup and a manufacturing plant in Tamil Nadu. VinFast is also developing an electric mobility ecosystem in India, aligned with its mission to accelerate the country’s transition to green transportation.
