Global Companies Are Keen To Invest In Telangana, Says KTR

From IT to ice-cream manufacturing units, the Telangana state government’s continuous efforts to attract investors to set up shop in Tier two cities and towns appear to be paying off.

India’s largest ice-cream manufacturing facility will come up in Sangareddy district with Hatsun Agro Product Limited commencing its commercial operations from October 2020 at Rs 207 crores.

KTR congratulated Hatsun on his twitter handle and tweeted, "Many congratulations to Hatsun Agro product Ltd. for selecting Govindpur in Sangareddy district to set up India's largest ice cream manufacturing facility. Heartening to know that works are progressing at a brisk pace and the unit will start production by Oct 2020 👍."

Hatsun will provide direct employment to 250 while creating indirect job opportunities for another 250. The ice-cream unit will also prove to be a boon to about 4,000 dairy farmers.

On the other hand, Quadrant Resources also announced its decision to perform the groundbreaking ceremony for its unit at Madikonda Information Technology Special Economic Zone (IT SEZ) in Warangal on February 16. This will be the third IT Company to establish its unit in Warangal after Tech Mahindra and Cyient.

With Hyderabad entrenched firmly as the hub for IT, aerospace, pharma, and life sciences, the government, as part of its strategy for all-round development, has been pushing for investments in cities like Warangal, Mahabubnagar, Karimnagar, and Nizamabad.