Telangana whets Sanjiv appetite
Telangana has managed to woo city-based RP-Sanjiv Goenka Group for a food processing unit in the southern state, entailing investment of Rs 200 crore.
- Published 17.10.17
Calcutta: Telangana has managed to woo city-based RP-Sanjiv Goenka Group for a food processing unit in the southern state, entailing investment of Rs 200 crore.
Telangana IT and industries minister K.T. Rama Rao met group chairman Sanjiv Goenka on Monday to initiate the project. The minister was in the city for a two-day trip to attract investment in his state.
"RP-Sanjiv Goenka Group would be investing Rs 200 crore for setting up a food processing industry in 20 acres of land at Toophran in Siddipet district. The group will manufacture some of their popular snack brands here," a statement released by the Telangana state government said.
The industry is expected to provide direct employment to 1,000 people, the release added. The group earlier this year diversified into FMCG by launching snack items and later picked up a controlling stake in a Rajkot-based industry E-Vita, which has 47 products in its portfolio.
Speaking to the media in Calcutta, Rao said he met several top industry houses apart from Goenka. "I met Emami founder Radheshyam Goenka, Srei's Hemant Kanoria, Sunil Kanoria and their father among others. I also held discussion with Titagarh Wagon and Keventer," he said.
While investments in cement and FMCG were discussed with Emami, infrastructure projects were in focus with Srei.
"We go to every state seeking investments. Our idea is that when an industry house is looking out of their home states for new projects, Telangana should be top of their mind," Rao said.