Tuesday, July 15, 2014

ITC plans to set up Rs 3,500 crore paper unit in Telangana

ITC, a multi-business conglomerate , plans to set up a paper manufacturing unit in Telangana with an investment of Rs.3,500 crore.

The company officials conveyed this to Telangana Chief Minister K. Chandrasekhar Rao during a meeting in Hyderabad on Monday, said a statement from the chief minister's office.

KCR, as the chief minister is popularly known, welcomed the decision of the group and said his government would provide adequate land for the plant.

A delegation of top officials of ITC led by its executive director Pradeep Dhobale met the CM.

They also expressed willingness to set up food processing and agro based units and take up eucalyptus plantation over one lakh acres.
Hinduja chairman Ashok Hinduja also called K. Chandrasekhar Rao. The Chief Minister urged him to ensure that Telangana get its share of electricity from Hinduja plant.

The newly-created Telangana state is seeking its share from power plants located in Andhra Pradesh including Visakhapatnam-based Hinduja plant.

Source: Business Today
This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move, Rao said his government is ready to provide adequate land for establishing the plant, the release from Chief Minister's Office said. Microsoft India Chairman Bhaskar Pramanik, who also met the Chief Minister, said the company would like to expand its activities in the newly-created State, it said.

Read more at: http://www.moneycontrol.com/news/business/itc-eyes-telangana-for-paper-unit-microsoft-to-expand-ops_1127232.html?utm_source=ref_article
This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move, Rao said his government is ready to provide adequate land for establishing the plant, the release from Chief Minister's Office said. Microsoft India Chairman Bhaskar Pramanik, who also met the Chief Minister, said the company would like to expand its activities in the newly-created State, it said.

Read more at: http://www.moneycontrol.com/news/business/itc-eyes-telangana-for-paper-unit-microsoft-to-expand-ops_1127232.html?utm_source=ref_article
This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move, Rao said his government is ready to provide adequate land for establishing the plant, the release from Chief Minister's Office said. Microsoft India Chairman Bhaskar Pramanik, who also met the Chief Minister, said the company would like to expand its activities in the newly-created State, it said.

Read more at: http://www.moneycontrol.com/news/business/itc-eyes-telangana-for-paper-unit-microsoft-to-expand-ops_1127232.html?utm_source=ref_article
iversified group ITC today expressed willingness to set up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move, Rao said his government is ready to provide adequate land for establishing the plant, the release from Chief Minister's Office said. Microsoft India Chairman Bhaskar Pramanik, who also met the Chief Minister, said the company would like to expand its activities in the newly-created State, it said. Hinduja Group Chairman Ashok Hinduja also called on Rao. Noting that the Telangana government is in the process of formulating an industrial policy, the Chief Minister said he would interact further with the industrialists after the policy is ready, the release added.

Read more at: http://www.moneycontrol.com/news/business/itc-eyes-telangana-for-paper-unit-microsoft-to-expand-ops_1127232.html?utm_source=ref_article
iversified group ITC today expressed willingness to set up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. This was conveyed by top officials of ITC to Telangana Chief Minister K Chandrasekhar Rao during a meeting here, said an official release. Expressing happiness over the move, Rao said his government is ready to provide adequate land for establishing the plant, the release from Chief Minister's Office said. Microsoft India Chairman Bhaskar Pramanik, who also met the Chief Minister, said the company would like to expand its activities in the newly-created State, it said. Hinduja Group Chairman Ashok Hinduja also called on Rao. Noting that the Telangana government is in the process of formulating an industrial policy, the Chief Minister said he would interact further with the industrialists after the policy is ready, the release added.

Read more at: http://www.moneycontrol.com/news/business/itc-eyes-telangana-for-paper-unit-microsoft-to-expand-ops_1127232.html?utm_source=ref_article

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