Hyderabad: Telangana government signed two significant Memoranda of Understanding (MoUs) at World Economic Forum (WEF) 2026 summit in Davos, Switzerland.
Telangana signed MoU with US-based company Sargad, the company’s Chief Executive Officer met Chief Minister A. Revanth Reddy at Davos and expressed interest in establishing a Maintenance, Repair and Overhaul (MRO) facility in the state. Under the agreement, Sargad plans to invest ₹1,000 crore over the next three to five years. The proposed MRO unit is likely to be set up in either Warangal or Adilabad, a move expected to further enhance Telangana’s standing in the aviation and aerospace sectors.
In second agreement, the state government signed an MoU with Blaize, a California-based technology firm specialising in low-power AI hardware and full-stack software solutions. Blaize CEO Dinakar Munagala held discussions with Chief Minister Revanth Reddy at the WEF, focusing on potential AI pilot projects in healthcare, manufacturing and energy.
Meanwhile, the (MoUs) aims to strengthen the state’s aviation, aerospace and artificial intelligence ecosystems.
