Hyderabad: Sintex which is a part of Welspun Group has announced an investment of Rs. 350 crore in the state. This investment will create 1000 jobs in the region.
IT and Industries Minister K Tarakarama Rao and Welspun Group Chairman BK Goenka will be laying the foundation stone for the Sintex manufacturing plant on September 28, 2023, at Chandanvelly in Rangareddy District. Tanks, pipes, auto components, and ancillaries will be manufactured at this unit.
Minister KTR stated that the Government of Telangana welcomes the company’s decision to expand its operations in the State. He thanked the leadership of Sintex for deciding to invest in Telangana and stated that the progressive policies and world-class infrastructure being offered by the Govt of Telangana have encouraged the company to set up its units in the State. The Minister said that the Government of Telangana will provide complete support to the existing companies who plan to expand their operations in the State.
Welspun Group Chairman BK Goenka stated that the company is running operations successfully in the state. He also added that the investment-friendly policies of Telangana Govt have encouraged them to expand operations in the region. (INN)