Mahabubnagar turns investment hub

3 MNCs set up facilities worth Rs. 1,500 cr ; another Rs. 6,500 crore projects in pipeline. Speaking on the occasion, Mr. Rao disclosed that the industrial policy of Telangana would be unveiled in the budget session of the Assembly. Telangana would also become a power surplus State within three years, he asserted.

The inflow of huge investments by multi-national companies likes Procter and Gamble, Johnson and Johnson and Cogent in the backward Mahabubnagar district has prompted the Telangana Chief Minister K. Chandrasekhar Rao to reiterate his resolve to make the newly formed State “a paradise for investors and industries”.

Mr. Rao, who heli-hopped from Vemula near Kothakota to Kothur on Thursday to inaugurate two manufacturing facilities of Cogent (Rs. 200 crore) and Procter and Gamble (Rs. 900 crore) also laid foundation stone for another Rs. 400 crore manufacturing facility of another industrial giant Johnson and Johnson.

P&G to expand activities

Procter and Gamble set up its manufacturing unit in 170 acres of land and had assured the Chief Minister Mr. Rao to expand its activities in future with an estimated investment of nearly Rs 2,500 crore more. This facility would provide employment to more than 1,500 people.

The company MD and Chief Executive Officer Shantanu Khosla asserted that the facility would enable the employability of local youth by collaborating the local technical institutes to build capability and growth of skilled talent.

Foundation laid Johnson and Johnson unit for which Mr. Rao laid the foundation in Kothur with an investment of Rs 400 crore would provide employment to nearly 1,500 people. The company had also indicated to Mr. Rao that it could look at an additional investment of nearly Rs 4,000 crore in its phase two expansion, sources in the CMO disclosed. This world class facility would manufacture personal hygiene and skin care products, according to its Managing Director Vikas Srivastava.

Speaking on the occasion, Mr. Rao disclosed that the industrial policy of Telangana would be unveiled in the budget session of the Assembly. Telangana would also become a power surplus State within three years, he asserted.

“There are many more industrialists evincing keen interest in investing in Mahabubnagar district and in Telangana State”, said A.P. Jitendar Reddy, MP of Mahabubnagar.