Telangana clears 16 industrial proposals worth ₹1,046 cr

Our Bureau Hyderabad | Updated on January 22, 2018

The Telangana Government has approved 16 industrial proposals with a total outlay of ₹1,046 crore under the TS-iPass facility.

The projects include pharma sector companies, bottling and beverages firms, automotive tubes and tyres and other industries.

Those in the pharmaceutical sector include that of Biological Evans with investment of ₹30 crore, Glukem Biocare (₹11 crore), Aurobindo Pharma two units of ₹89 crore and ₹128 crore respectively in Mahabubnagar district, Hetero Labs Limited (₹164 crore) in Rangareddy district and Genesys Biological (₹11 crore) .

Those in the automotive sector include Mahindra CIE Automotive Limited for sheet metal stamping with an outlay of ₹69 crore and Rane Madras Limited for brakeliners with ₹42 crore also in Medak district and ACE Tyres Limited for automotive tubes and tyres (₹15 crore) and Total Oil India Limited for bottling (₹14.3 crore), Hindustan Coca Cola Beverages will set up a ₹100 crore fruit juice, carbonated soft drinks project with an outlay of ₹100 crore.

In the solar power sector, Pemmasani Solar Power, Pragathi Group and Sri Ramachandra Energy Infra will invest ₹72 crore each in setting up 10 MW solar PV projects.

My Home Industries is setting up a 14 MW plant based on waste at Nalgonda with an outlay of ₹140 crore.

Jupally Krishna Rao, Minister for Industries, issued the approvals. This is the third phase of the TS-iPass approvals issued by Telangana since the launch of the new industrial policy.

These projects are expected to generate 2,988 jobs.

Published on September 07, 2015

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