Andhra Pradesh

MRF among 16 approvals cleared under TS-iPASS

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Expansion plans of MRF in Medak district with an investment of Rs. 900 crore was among the 16 approvals for investments of about Rs.1,571 crore cleared by the State Government on Saturday under the Telangana State Industrial Project Approval and Self Certification System (TS-iPASS).

An employment potential of over 1,800 would be created with the proposed investments in Medak, Ranga Reddy and Mahabubnagar districts.

Minister for Industries Jupally Krishna Rao stated that he had handed over some of the approval letters to the persons concerned on Saturday as part of the fourth phase of clearances under TS-iPASS.

The investments include in six solar power projects with an installed generation capacity of 47.3 MW.

SEI Sriram Power Private Ltd, Kranthi Edifice Private Ltd, Sparkman Solar Energy Private Ltd, Shining Sun Power Private Ltd, GMR Hyderabad International Airport and Haldiram Snacks Private Ltd would invest over Rs. 310 crore for the purpose.

Expansion of the existing manufacturing facility of MRF Ltd has been in the air for over a year now and it has been firmed up with the clearance given by the State Government on Saturday. It would enable employment generation of 500 persons by the company.

Another major investment cleared was a circuit-breakers manufacturing unit by Schneider Electric India Private Ltd with Rs. 150 crore.

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Printable version | Jan 25, 2020 2:57:20 PM | https://www.thehindu.com/news/national/andhra-pradesh/mrf-among-16-approvals-cleared-under-tsipass/article7905120.ece

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