By: V. Rishi Kumar
The Rs. 685.5-crore investment of Swedish retail major IKEA, for setting up of its first retail store in India at Hyderabad, and a project of GVK Bio Sciences are among 25 projects cleared under the seventh phase of TS-IPASS approvals in Telangana.
At a meeting held here today by K. Taraka Rama Rao, Telangana IT and Industries Minister, 25 projects with the total investment outlay of Rs. 2,374.2 crore and employment potential of 5,799 people, were cleared.
In all about 2,130 industrial proposals were approved in the last 10 months after the TS-IPASS, a self certification mode of approvals for industries was launched, he said.
Other major projects include a facility for research and development in Rangareddy district by GVK Biosciences, where it proposes to invest Rs. 300 crore. Vivimed Labs has secured nod for a Rs. 140.65 crore project for synthetic organic chemicals in Medak. Other pharma companies to secure nod for projects include Hetero Drugs, Laurus Labs, Diabetomics, Basis Laboratories and Delexcel Pharma.
Along with these a number of solar projects were cleared. These include 30 mw, Rs. 191-crore project of Cleansolar Renewable, Ujjvalatejas Solaire for a 20 mw unit, Zuari Cement for 6.5 mw, BHEL for 15 mw, Mytrah Abhinav Power for 8 mw solar.
Other projects include Alpla India in Medak for its Rs. 129 crore plastic product packaging unit, NCC Crowns for its Rs. 28 crore unit in Medak for manufacture of metal caps, Lamtuf Plastics for its Rs. 19.5 crore unit for laminates at Medak, Polmor Steel for a rail engineering and fabrication unit in Medak and Kedia Distilleries in Rangareddy for its Rs. 17 crore unit for Indian Made Liquor.
Source: The Hindu