Vietnam’s largest conglomerate Vingroup has its eyes set on Telangana, where it plans to establish a multi-sector ecosystem. Towards this, Vingroup signed a memorandum of understanding with the Telangana government to invest $3 billion in the state.

The multi-sector ecosystem would encompass electric mobility, smart urban development, healthcare, education, tourism, renewable energy across 2,500 hectares (6,177 acres). The Telangana government would facilitate the allocation of land, fast track approvals and coordinate the planning. Advertisement

The projects in Telangana will feature a 1,080-hectare smart city, a 350-hectare theme park, and a 500 MW solar farm to power sustainable initiatives.

Sanjay Kumar, Special Chief Secretary to the Government of Telangana said, "We are committed

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