Hyderabad: Signalling the beginning of the industrial growth in Chevella area, Welspun group, which is into manufacturing of tiles, has announced investment of Rs 2000 crore by next year end in its unit in the Chandanvelly Industrial Park, Industry minister K T Rama Rao disclosed here on Saturday. Two other companies – Kundana and Kattera – made a commitment of investing Rs 230 crore and Rs 318 crore respectively, while another company would also be announcing significant investment very shortly, an exuberant KT Rama Rao disclosed.
Speaking after inaugurating the Welspun Flooring unit in the industrial park, along with education minister P. Sabitha Indra Reddy, the minister maintained that four more companies including an electric vehicles maker were in the process of finalising their investments. Two of them were in advanced stages and an official announcement will be made soon.
KT Rama Rao said sustained efforts were being made by the Government to establish an industrial base on Chevella side. Acknowledging the support of the villagers whose lands were acquired for setting up the industrial park, the minister disclosed that efforts were now on to set up a bigger industrial park on 3,600 acre site near Shabad.
Underlining the need for creating local employment, the Minister said a new skill development centre will be set up near Chandanvelly. This would cater to skilling needs of the industries in the surrounding areas.
While Telangana State was doing good on the ease of doing business metric, it was now focussing on reducing the cost of doing business in the State.
The government was also taking up infrastructure works worth Rs 370 crore in areas around Chevella. As part of these measures, the Government has already brought a 3 MLD pipeline at a cost of Rs 18 crore. Work was on to bring another 5 MLD at a cost of Rs 30 crore. A four-lane road from Hayatabad to Shamshabad will also be sanctioned and this would cost around Rs 220 crore. A 22-KV sub-station with Rs 54 crore investment was also planned. The Nagarkunda-Hayatabad road will be extended by 8 km at an expense of Rs 50 crore. Chandenvelly will be converted into an Industrial Area Local Authority (IALA) to focus on employment generation and empowerment of the local communities, the minister disclosed.
Welspun Flooring Limited, an integrated and independent flooring vertical of the $2.7 billion Welspun Group, has launched its Rs 1,114 crore manufacturing facility at Chandanvelly. Spread across 200 acre, the facility employs 1,600 people and will have a production capacity of 40 million square metres annually. Welspun Chairman B K Goenka said the plant was equipped to manufacture carpet tiles, artificial grass, wall-to-wall carpets, click-n-lock tiles. It will have 30 manufacturing lines and three are operational now.
Welspun CEO and President Mukesh Savlani said the company will target new homes as well as renovation segments for its tiles business. The tiles market in India was about Rs 35,000 crore. While focusing on India, the company will also export to Europe, US, Australia and the Southeast Asian countries.
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