Telangana Leads with `1,850 Cr Investment in a Week - News

Telangana has secured a total investment of `1,850 crore from three businesses in only one week, from October 9-16, asserting its position as India's premier investment destination. These three investments by Indian Immunologicals Ltd (IIL), Gemini Edibles and Fats India (GEF), and Malabar Group have the potential to employ around 4,500 people. These come from industries as diverse as Life Sciences, Edible Oils, and Jewelry making.

Furthermore, the following week, pharma company Hetero declared its plan to invest over `600 crore in a manufacturing site it had acquired, with the potential to employ around 2,000 people. Global pharma player Roche has also announced the establishment of its Global Analytics and Technology Centre of Excellence (GATE) in Hyderabad. Telangana's investment flow has been fueled by the Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS), a single-window clearance system for companies.