According to the Memorandum of Understanding (MOU), the two sides will coordinate to study strategic cooperation opportunities in Telangana state on a total area of about 2,500 hectares, including smart cities, manufacturing, healthcare, education, tourism, renewable energy, charging station infrastructure and green taxi services.
Specifically, in the field of green transportation, Vingroup proposed to deploy the first large-scale SM Green electric taxi model in India, combined with a smart mobility service platform. The group will also study opportunities to participate in electric vehicle production in the future.
In the field of urban development, Vingroup aims to build a 1,080-hectare smart metropolis, providing accommodation for about 200,000 residents. The project is expected to create 10,000 jobs, including low-rise and high-rise buildings and an international-class "all-in-one" utility system.
In the field of social infrastructure, Vingroup proposed developing an essential construction system on a land fund of about 70 hectares, including Vinschool inter-level school, Vinmec international general hospital, and V-Green charging station network.
In the field of tourism - entertainment, through VinWonders, the Group wants to build a complex of theme parks, 6 hectares of zoo and semi-wildlife reserve (safari) on an area of about 350 hectares, in order to develop Telangana's tourism infrastructure and create more local jobs.
In the field of renewable energy, Vinenergo proposes to invest in a 500 MW solar power project on an area of about 485 hectares, providing a stable green power source for urban areas, industrial parks and the electrified transport ecosystem.
In addition to the above items, Vingroup also proposed to participate in developing strategic connectivity infrastructure, enhancing regional linkages and supporting the expansion of urban space.
On the government side, Telangana is committed to supporting the search and arrangement of suitable land funds for each project; coordinating overall planning, handling procedures; and mobilizing relevant agencies to prepare connecting infrastructure. The State also considers applying incentives according to current policies and accompanying Vingroup to ensure progress and implementation efficiency.
This MOU is considered an important foundation for Vingroup to realize large-scale projects in India, while enhancing the mark of Vietnamese enterprises in the international market. The cooperation also contributes to promoting Vietnam - India economic relations and opening up opportunities for deeper connections between the business communities of the two countries.
Mr. A. Revanth Reddy, Governor of Telangana State, said: Vingroups 3-billion-dollar investment is a testament to its belief in the Telangana Rising vision, especially the sustainable urban development strategy and green infrastructure. This is a cooperation to build a city with net zero emissions, and deploy the first large-scale electric taxi team in India, directly improving the quality of life of people. The state government is committed to speeding up progress so that this vision can soon become a reality.
Mr. D. Sridhar Babu, Minister of Industry, Telangana State Government, said: Vingroups cross-sectoral investment commitment, from smart cities, solar power to advanced hospital-school systems, shows compliance with Telanganas industrial strategy. The State will transform this capital flow into a development opportunity, turning Telangana into a gateway to receive investment capital from Vietnam and Southeast Asia.
Mr. Sanjay Kumar, Deputy Minister of Industry and Trade, Telangana State Government: We welcome Vingroups presence and highly appreciate the Groups achievements in Vietnam in urban areas, green infrastructure and electrification. With experience and the ability to implement large projects, Vingroup will contribute to creating a modern and sustainable urban space for Telangana.
Mr. Pham Sanh Chau, General Director of Vingroup Asia and General Director of VinFast Asia, Vingroup sees great potential in Telangana and wishes to long-term accompany the state government. With experience in implementing large urban areas, large-scale infrastructure and a comprehensive electric vehicle ecosystem, we believe that the cooperation projects will bring practical value and enhance the quality of life of the people."
Telangana is a key state of India with a population of about 38.5 million people, playing a role as a technology - economic center in the South, strongly attracting global investment, especially in the software sector.
Vingroup is the largest multi-industry private corporation in Vietnam, operating in 6 areas: Industry - Technology, Trade - Services, Infrastructure, Energy, Culture and Volunteering, with the vision of "For a better life for everyone". The Group was selected by Time as one of TIME Worlds Best Companies 2025.
Vingroup has previously been present in India through VinFast, with a range of high-end electric vehicle products and an assembly plant in Tamil Nadu. VinFast is building an electric vehicle ecosystem in India, contributing to promoting the green transport revolution.
