Telangana to get investment worth Rs 7,600 crore in manufacturing sector
The southern state of Telangana has bagged fresh manufacturing investments worth nearly Rs 7600 crore. Telangana state government signed 4 MoUs with eyewear player Lenskart, renewable energy and energy storage solutions provider Premier Energies, and aerospace and defense player Azad Engineering.
Rs 3342 crore investment would be made by Premier Energies Global Environment Pvt Ltd in setting up a 4 GW solar PV TOPCon cell and 4GW solar PV TOPCon module manufacturing facility at Sitarampur. Further Rs 1950 crore investment is being made by the firm in setting up plants to make ingots and silicon wafers (Rs 1700 crore) and aluminum extrusions (Rs 250 crore) at Sitarampur where the company is being allotted 125 acres of land.
Lenskart will be investing Rs 1500 crore in manufacturing eyewear products in Telangana for which the govt has identified land in Fab City that will be allocated this week. Azad Engineering will be investing Rs 800 crore in setting up a superalloy manufacturing plant in two phases for which 25 acres of land have been identified in Ghanpur industrial park.
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