Trump Media Director Says Firms He Represents Will Invest Rs.l lakh Cr in Telangana

Jayesh Rajan asks Trump official to convey to US Prez about Donald Trump Avenue

Nobel laureate Kailash Satyarthi and Trump Media Director Eric Swider interacting with Chief Minister A Revanth Reddy at the inaugural session of Telangana Rising Global Summit-2025 at Bharat Future City in Kandukur on Monday. — DC Image

Hyderabad: Trump Media and Technology Group on Monday promised to invest Rs 1 lakh crore in the upcoming Bharat Future City, giving a major boost to Telangana’s ambition of emerging as a global technology and innovation hub. The announcement was made by Eric Swider, the director of Trump Media and Technology Group, during the inaugural session of the Telangana Rising Global Summit 2025.

Swider said the funds would be deployed over 10 years across various sectors within Bharat Future City, including digital infrastructure, emerging technologies and futuristic urban development. He said the global technology landscape has undergone a fundamental shift, with India increasingly emerging as a frontrunner in innovation, talent and entrepreneurship.

“You would be blind not to see that technology capitalists around the world are coming from India. India is on the rise and I don’t think India is going to stop. It will continue to rise and lead the world in technology,” he remarked.

Expressing gratitude for the opportunity to collaborate with Telangana, Swider told Chief Minister A. Revanth Reddy that the state offered a compelling environment for long-term investments.

He added that the organisations he represents, including Renatus Tactical Acquisition Corp — where he currently serves as CEO and board member — were keen to participate in the state’s development ecosystem. Swider earlier served as the CEO of Digital World Acquisition Corp, which merged with Trump Media and Technology Group.

Special chief secretary (IT and industries) Jayesh Ranjan, speaking at the session, requested Swider to convey to US President Donald Trump that a major street in Hyderabad has been named after him, reflecting the city’s growing global connect and symbolic recognition of international partnerships.