Vingroup to Invest $3B in Telangana for Smart City and EV Projects

Vingroup has unveiled a major expansion move today, signing a memorandum of understanding with the Government of Telangana for a $3 billion phased investment aimed at building a large, multi-sector ecosystem in the state.

The agreement, formalized during the Telangana Rising Global Summit, marks one of the company’s biggest overseas c  ommitments to date.

Under the MoU, both sides will work together to identify and develop projects across innovative urban development, electric mobility, healthcare, education, tourism, renewable energy, and supporting infrastructure on roughly 2,500 hectares. The plans place Telangana at the center of Vingroup’s international growth strategy.

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A major highlight is the proposed Vinhomes Smart City, a 1,080-hectare integrated township built for about 200,000 residents. Designed with sustainable principles, the project is expected to create 10,000 jobs and offer a mix of low- and high-rise homes along with international-standard amenities.

In the e-mobility space, Vingroup plans to roll out India’s first large-scale electric taxi fleet and a mobility-as-a-service platform through GSM, using VinFast vehicles. The company may also consider future EV manufacturing opportunities in Telangana, expanding the role of the Vingroup ecosystem in the region.

The group will further develop a 70-hectare cluster featuring Vinschool K-12 institutions, Vinmec hospitals, and a V-Green charging network. Its tourism arm, VinWonders, aims to build a 350-hectare entertainment complex with a theme park, zoo, and safari. VinEnergo plans a 500 MW solar farm spread across 500 hectares to power urban zones and mobility infrastructure.

Telangana has pledged support on land, planning, approvals, and incentives. Chief Minister Revanth Reddy called the investment “a massive vote of confidence in the ‘Telangana Rising’ vision,” while Pham Sanh Chau said the group sees “tremendous potential” in the state.