By: K. V. Kurmanath
MRF is going to set up a Rs. 900 crore facility in Medak district of Telangana soon. The tyres major has received the formal approval from the State Government to set up the manufacturing facility.
“The permission to MRF is part of a batch of projects that got approved by the government on Saturday,” Telangana Industries Minister Jupally Krishna Rao said.
The permissions were given as part of the State’s new Industrial Policy TS-iPASS (Telangana State Industrial Project Approval and Self Certification System). The policy promises quick and easy permissions from the industry, using a single-window mechanism.
As many as 16 proposals from various industrial houses have been approved in the fourth batch that promises a total investment of Rs. 1,570 crore. They would provide about 1,800 jobs.
Prominent among the proposals include GMR group’s 5 MW solar power plant. The infrastructure firm would spend Rs. 27 crore on the project. SEI Sriram Power proposes to set up a 10-MW solar power plant with an investment of Rs. 55 crore, while Preca Solutions would establish a facility to produce pre-stressed concrete material by investing Rs. 33 crore.
Source: The Hindu