Boost in Telangana’s agro-industrial development: Rs 3,745 crore investment approved; Coca-Cola among MNCs to set up new plants
In a major boost to both industry and agriculture in Telangana, the state’s Industrial Promotion Cabinet sub-committee has approved investments worth Rs 3,745 crore from three multinational companies. The projects are expected to generate direct employment for 1,518 people.Deputy chief minister Bhatti Vikramarka Mallu, who chaired the high-level meeting at the Dr B R Ambedkar Secretariat on Tuesday, highlighted Telangana’s growing appeal to global investors.“Multinational companies are flocking to the state to invest on a large scale, creating employment for youth and giving incentives to farmers cultivating various fruits,” he said, as quoted by ANI.
The committee approved three major projects:
Hindustan Coca-Cola Beverages Pvt Ltd will establish a large-scale plant in Siddipet district with an investment of Rs 2,398 crore, creating 600 jobs. The plant is expected to boost demand for mangoes and oranges, providing direct benefits to local fruit farmers.
- JSW UAV Limited will set up a drone manufacturing facility at Maheshwaram with an investment of Rs 785 crore, generating 364 jobs.
Toshiba Transmission and Distribution Systems will launch a new plant for Gas Insulated Switchgear and Bushings with a capital of Rs 562 crore, creating 554 employment opportunities.
Officials noted that Coca-Cola’s entry will stimulate the horticulture sector by ensuring large-scale procurement of fruits from Telangana’s farmers, offering a stable and profitable market for their produce.Bhatti emphasised the dual benefit of these investments, saying they provide employment opportunities for youth while creating market linkages for fruit farmers, particularly those cultivating mangoes and oranges.He added that this aligns with the state’s broader vision of inclusive industrial development.The approvals are expected to generate significant revenue for rural communities and strengthen the integration between agriculture and industry.The cabinet sub-committee, which includes ministers Duddilla Sridhar Babu and Ponguleti Srinivas Reddy, also reviewed memoranda of understanding (MoUs) signed with global firms at the recent Davos Economic Forum. Several international companies have expressed keen interest in investing in Telangana’s diverse sectors, reported ANI.With these developments, Telangana continues to strengthen its position as a national leader in attracting foreign direct investment (FDI) and agro-industrial projects, promising growth for both farmers and the state’s workforce.
