Companies Flocking To Invest In Telangana: KTR Expresses Delight
In recent times, numerous companies have expressed a keen interest in investing in Telangana. Advent International, a global private equity firm, has recently announced its intention to invest 16,650 crores in the state. As part of this commitment, the Managing Director of the company, Pankaj Patwari, and its representatives held a meeting with Industries and IT Minister KTR in Hyderabad. During this meeting, they provided Minister KTR with an overview of the company’s expansion plans and investment initiatives in the state.
Not too long ago, Nafco Company, a renowned global leader in the production of firefighting equipment based in the UAE, expressed its interest in investing 700 crores in the state of Telangana. In a similar vein, the prominent port operator DP World, known for its world-class operations, has also shown its commitment to invest in Telangana, with plans to allocate 215 crores for this endeavor.
IT Minister KTR highlighted that Telangana has evolved into an attractive destination for investments. The minister inaugurated the foundation-laying ceremony for the manufacturing units of Kaitex, with an estimated cost of 1400 crores, and Syntex, budgeted at 350 crores, within the Sitaramapuram and Chandan Velli Industrial Estates near Hyderabad. He noted that Shabad Mandal, in close proximity to Hyderabad, is emerging as a pivotal hub for the logistics sector. The Welspun Group is poised to complete its third unit, Syntex Pipes and Tanks Industry, in the next 9 months, generating employment opportunities for 1000 individuals.
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