In a noteworthy development, Sintex, a prominent entity within the esteemed Welspun Group, has revealed its intentions to establish a state-of-the-art manufacturing facility in the dynamic state of Telangana. This ambitious project, with an impressive investment of Rs 350 crore, is poised to not only enhance the industrial landscape of the region but also generate gainful employment for approximately 1,000 individuals.
The ceremonial laying of the foundation stone for this ambitious undertaking is scheduled for September 28, taking place in Chandanvelly, a strategic location within the thriving Rangareddy district. This cutting-edge facility will specialize in the production of tanks, pipes, auto components, and various essential ancillary products, making a substantial contribution to the local economy and the broader industrial ecosystem.
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In recognition of this significant milestone, Telangana’s dynamic Industries Minister, K.T. Rama Rao, and the esteemed Chairman of the Welspun Group, B.K. Goenka, will jointly preside over the groundbreaking ceremony. This collaborative effort between the state and a prominent private sector conglomerate underscores a shared commitment to fostering growth and innovation within Telangana’s industrial landscape.
Minister Rama Rao expressed his enthusiasm, citing the state’s progressive policies and world-class infrastructure as pivotal factors that have enticed Sintex to establish its presence in Telangana. He reiterated the government’s unwavering support and dedication to facilitating the expansion of existing businesses within the state.
Chairman B.K. Goenka of the Welspun Group also shared his sentiments, acknowledging the company’s successful operations in the region. He emphasized that the investment-friendly policies of the Telangana government played a pivotal role in the decision to expand their operations, highlighting the state’s commitment to creating a conducive environment for business growth and development.
This strategic move by Sintex not only reaffirms its commitment to delivering high-quality products and services but also signifies Telangana’s emergence as a hub for innovation and industrial excellence. As the project unfolds, it is anticipated to have a ripple effect, positively impacting the local community and contributing to the overall economic prosperity of the region.