Business News

Ashirvad Pipes of Aliaxis to invest Rs 500 Cr in Telangana

Hyderabad: Another major investment has made its way to Telangana from Davos. Ashirvad Pipes of Aliaxis will be setting up a Greenfield facility with an investment of Rs. 500 Crore in Telangana. This investment will create over 500 jobs for youngsters in our state. A Memorandum of Understanding was signed between Aliaxis and Govt. of Telangana in the presence of Minister KTR in Davos.

The firm will manufacture Storage & Distribution of Plastic Piles, Fittings & Accessories. The announcement came after Aliaxis CFO Mr. Koen Sticker met with Minister KTR on the sidelines of WEF in Davos.

Ashirvad Pipes is also in talks with the Govt of Telangana for setting up a Center of Excellence for Manufacturing in the State.Industries Dept. Principal Secretary Jayesh Ranjan was also present in the meeting. (INN)

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