The Telangana government has given its official endorsement to investment proposals from three prominent companies, paving the way for new industrial units within the state.
Among the approved projects, JSW UAV Limited will establish a new facility in Maheshwaram, while Toshiba Transmission and Distribution System is set to build a plant for gas-insulated switchgear and bushings. Additionally, Hindustan Coca-Cola Beverages Company has also received approval for its expansion plans.
These three significant approvals represent a total estimated investment of ₹3,745 crore and are projected to create 1,518 new employment opportunities for the state’s youth. The green light was given by the Cabinet sub-committee on industrial promotion, led by Deputy Chief Minister Mallu Bhatti Vikramarka, following a meeting on Tuesday.
Detailed reports presented to the cabinet panel indicate that the new Coca-Cola Beverages plant alone will account for approximately ₹2,398 crore of the investment, generating 600 jobs. JSW UAV’s project involves an investment of ₹785 crore, promising 364 new positions, and Toshiba Transmission and Distribution Systems will invest ₹562 crore, creating around 550 jobs.
Telangana Attracts Major Multinational Investments
Deputy Chief Minister Mallu Bhatti Vikramarka highlighted the positive trend of multinational companies choosing to invest substantially in the state. He emphasized that such investments not only provide extensive employment opportunities for young people but also offer incentives and encouragement to farmers specializing in various fruits.
The establishment of beverage production units, like that of Coca-Cola, is expected to significantly boost demand for horticultural crops such as mangoes and oranges. This increased demand will, in turn, lead to greater income and stability for farmers in Telangana.
The Cabinet Sub-Committee, which also includes Ministers D. Sridhar Babu and Ponguleti Srinivasa Reddy, convened to review various Memoranda of Understanding (MOUs) previously signed with companies in Davos, as well as new expressions of interest for investment in the state.