RP-Sanjiv Goenka Group to invest 200 crores in Telangana

Telangana Industries Minister K Tarakarama Rao met a line of business leaders and investors in Kolkata on Monday.

In the meeting with RS Goenka, Rama Rao has explained state Government's policies & investment opportunities. The investors showed interest and responded positively in making investments in Telangana.

RP-Sanjiv Goenka Group will be investing Rs. 200 crore in Telangana state for their packaged food business. They will be setting up their facility in Toopran, Siddipet over 20 acres to manufacture products under their Too yum and e-vita brands. RPSG group and Telangana State also agreed to build backward linkages to farmers and work towards establishing a local vendor base. The said facility will employ about 1000 people. An MoU was signed by the Minister and Goenka Group.

A meeting was also held with Hemant Kanoria, Chairman, SREI Infrastructure Finance Company. KTR also requested SREI to support the proposed Industrial and Food parks in Telangana.

Later in the evening, KTR addressed the large group of industrialists in a meeting organised by CII and invited them to invest in the State.