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US Firm Sargad to Invest Rs 1,000 Cr in Telangana's Aviation, Manufacturing

US-based industrial platform Sargad has signed an MOU to invest up to Rs 1,000 crore in Telangana over the next three to five years. The company plans to establish an aviation Maintenance, Repair, and Overhaul (MRO) facility, likely near the new airports in Warangal or Adilabad. Chief Minister A Revanth Reddy outlined the state's strategy of creating three distinct economic zones—CURE, PURE, and RARE—to attract such investments. The agreement was finalized during a meeting with the 'Telangana Rising' delegation at the World Economic Forum 2026 in Davos.

Key Points: Sargad Invests Rs 1,000 Cr in Telangana, Plans MRO Facility

  • Rs 1,000 crore investment over 3-5 years
  • Aviation MRO facility planned
  • Focus on Warangal and Adilabad airports
  • Part of Telangana's three-zone economic strategy
  • Deal signed at WEF 2026 in Davos
2 min read

US-based Sargad signs MOU with Telangana, to invest Rs 1,000 Cr over 3-5 years

US-based Sargad signs MOU to invest Rs 1,000 crore in Telangana over 3-5 years, exploring an aviation MRO facility in new economic zones.

"The State is creating three distinct economic zones - Chief Minister A Revanth Reddy"

Davos, January 21

US-based operator-led industrial and investment platform Sargad has came forward to explore a long-term, phased investment and ecosystem-development initiative in Telangana, with an indicative investment scale of up to Rs 1,000 crore over a three to five-year period. The company's founder and CEO, Srinivas Thota, met the 'Telangana Rising' delegation at WEF 2026.

The company has experience across aerospace, defence, automotive, and advanced manufacturing sectors, focused on long-cycle, certification-driven, export-oriented industrial businesses. During the meeting, Sargad expressed interest in establishing an aviation MRO (Maintenance, Repair, and Overhaul) facility in the State.

Telangana Chief Minister A Revanth Reddy explained that the State is creating three distinct economic zones -- CURE (Core Urban Region Economy) for the services sector only, with Net Zero, PURE (Peri-Urban Region Economy) for manufacturing, and RARE (Rural Agri Region Economy) for agriculture and green economy. Telangana, he said is establishing two airports -- one each in Warangal and Adilabad -- and asked the company to explore an MRO in either of the places.

The Chief Minister offered to provide the best possible incentives to encourage industrialisation in Warangal and Adilabad.

Minister D Sridhar Babu deliberated on potential opportunities for Telangana's MSMEs in equipment manufacturing.

Revenue Minister Ponguleti Srinivasa Reddy was also part of the delegation which participated in the meeting.

The World Economic Forum's Annual Meeting 2026 is being held in Davos, Switzerland, under the theme of A Spirit of Dialogue. Davos 2026 is one of the highest-level gatherings in the Annual Meeting's history.

- ANI

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Reader Comments

S
Shreya B
Good to see focus on tier-2 cities like Warangal. Hope the local youth get proper skill development and job opportunities from this. The CURE, PURE, RARE zoning concept sounds interesting, but execution is key. Let's see if the MSMEs truly benefit.
R
Rahul R
MOUs are signed often, but how many actually materialize on the ground? I'll believe it when I see the facility actually being built and jobs being created. The indicative investment over 3-5 years is a long time. Hope this isn't just another headline.
P
Priyanka N
As someone from the automotive sector, this is promising. Sargad's experience in advanced manufacturing can create a strong supplier ecosystem. The MRO facility will need highly skilled technicians - hope our engineering colleges in Telangana are preparing for this demand.
A
Aman W
Respectfully, while the investment is welcome, I hope the environmental impact for Adilabad is studied thoroughly. It's a green region. "Best possible incentives" should not mean bypassing ecological norms. Development and sustainability must go hand in hand.
K
Karthik V
Great to see an Indian-origin CEO (Srinivas Thota) bringing investment back home! The aviation MRO sector has huge potential in India. If executed well, this can put Telangana on the global aerospace map. More power to the Telangana Rising delegation! 🇮🇳

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