Plastics manufacturing company Sintex, a part of Welspun Group, has announced plans to develop a new plant in the Indian state of Telangana.
The business intends to make an investment of approximately Rs3.5bn ($42.11m) for this development project. The plant will be located in Chandanvelly in Ranga Reddy District within Telangana.
The company will manufacture tanks, pipes, auto components, and ancillaries at the facility and is expected to hire 1,000 people in the process.
Telangana IT and Industries Minister KT Rama Rao and Welspun Group chair BK Goenka will break ground on the new Sintex manufacturing facility this week.
In a post on X (formerly Twitter), the minister said: “Happy to share that the popular Sintex brand is setting up a plant in Telangana. The Sintex unit will manufacture tanks, pipes, auto components and ancillaries with an investment of Rs350 crore (Rs3.5bn) and generating employment for 1,000 people. Will be breaking ground for the same on 28 September.”
The minister said that the Telangana state government welcomes the company’s decision to bolster its footprint in the state further.
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He added that the government has progressive policies and infrastructure in place that will support existing businesses in the state to expand their operations and establish their facilities.
The Sintex announcement follows another major investment in the state’s manufacturing sector.
In May this year, Taiwan-based contract manufacturer Foxconn broke ground on the $500m manufacturing factory in Kongara Kalan, Telangana, outside of Hyderabad.