BL Agro to invest Rs 500 cr in TS; to employ 5,000 people
To set up manufacturing plant unit in the State to make various food products
image for illustrative purpose
Hyderabad: BL Agro plans to invest Rs 500 crore in Telangana and has signed an initial pact with the state government to set up a manufacturing plant to make various food products.
The company said in a statement that it has signed a memorandum of understanding (MoU) with Telangana Chief Minister Anumula Revanth Reddy to set up a manufacturing unit in the State.
The MoU was signed at the World Economic Forum (WEF) at Davos, Switzerland. “Under the MoU, the company plans to invest Rs 500 crores in Telangana and employ 5,000 people,” BL Agro said.
The new manufacturing unit will be engaged in producing the entire range of brand Nourish products -- wheat flour, pasta, vermicelli, spices, papad, etc, along with rice bran and cottonseed oils. “It is a moment of pride for us as a Group company to sign an MoU with the Telangana government and expand our footprints in the Southern part of the country,” Ashish Khandelwal, Managing Director, BL Agro said.
On the same day at Davos, Uber, the globally renowned mobility and SAAS company, has announced its ambitious expansion plans in Hyderabad, underscoring the city’s thriving talent pool and pro-business environment. This strategic move follows a successful meeting between CM Revanth Reddy’s delegation and Uber’s leadership team. This expansion project is expected to generate employment opportunities for approximately 1000 skilled engineers.
