Granules, Laurus To Invest 700 Cr: KTR Offers Support

Hyderabad, Oct.27 (Hydnow): Two noted companies are gearing up for big investments in Telangana and offer huge employment opportunities.

Granules India, and Laurus Labs have offered agreements for Rs 700 crore investments in the state. Delegates of the two companies called on IT and industries minister, K T Rama Rao at Pragati Bhavan here. While the Granules India will invest Rs 400 crore and Laurus Labs will invest Rs 300 crore to begin their businesses.

KTR has promised to give all support and offered all permissions to the new companies to start operations in Genome Valley. The companies officials have informed to the minister about the same and to invest Rs 700 crore.

They are likely to start the businesses on availing facilities. The minister has greeted them for big investments and employment. The two companies said to provide employment to 1750 persons. The government has offered to provide all facilities and infrastructure to the two companies. (Hydnow)

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