Japanese Companies to Invest INR 576 Cr in Telangana
Two Japanese companies have announced an '576 crore investment in Telangana. The Telangana Government and Daifuku inked an Memorandum of Understanding (MoU) to establish a new manufacturing facility in the state in the presence of KT Rama Rao, Minister for IT, Industries, MA & UD, Telangana. Furthermore, Nicomac Taikisha Cleanrooms Pvt Ltd would invest '126 crore in its third manufacturing plant in Hyderabad to enhance cleanroom production and begin producing HVAC systems.
In this backdrop, the Minister commented, "DAIFUKU coming to Telangana and setting up a brand new factory with '450 crore of investment and providing employment to more than 800 people is indeed something we want to celebrate. I can tell that DAIFUKU has made the right choice. Whichever industrialist or potential investor I meet, they have a renewed enthusiasm towards setting up a manufacturing base in India."