Vingroup, Telangana Sign MoU for Smart City, EV Mobility and Solar Projects

Vingroup has signed a Memorandum of Understanding (M0U) with the Government of Telangana at the 'Telangana Rising Global Summit'  for a proposed USD 3 billion phased investment to build a large-scale, multi-sector ecosystem.

The agreement covers smart urban development, electric mobility, healthcare, education, tourism, renewable energy and EV charging infrastructure across nearly 2,500 hectares. The initiative aims to support economic growth, job creation and long-term urban infrastructure development in the state.

In electric mobility, Vingroup plans to introduce a large-scale electric taxi fleet using VinFast vehicles through GSM and may explore future EV manufacturing opportunities.

Urban development plans include the proposed Vinhomes Smart City project on 1,080 hectares, designed to house around 200,000 residents and expected to generate about 10,000 jobs.

The Group also plans social infrastructure projects including Vinschool K-12 institutions, Vinmec multi-specialty hospitals and the V-Green EV charging network, along with a VinWonders tourism and entertainment complex.

In renewable energy, Vingroup, through VinEnergo, plans to develop a 500 MW solar project over 500 hectares to support green electricity demand from urban and mobility ecosystems.

Telangana has committed to facilitating land allocation, project clearances and infrastructure support, while extending policy incentives as per state frameworks.

A. Revanth Reddy, 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.”

D. Sridhar Babu, 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."

Sanjay Kumar, IAS, Special Chief Secretary to the Government, Government of Telangana, said, "We welcome Vingroup’s presence in Telangana and recognise 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.”

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.”