Sintex to invest Rs 350 crore in Telangana, creating 1,000 jobs

HYDERABAD: Sintex, a partner of the Welspun group of companies, has announced that it will invest Rs 350 crore for a manufacturing unit in Telangana which will create around 1,000 job opportunities.

The manufacturing facility would be established in Chandanvelly, located in Rangareddy district. The company's production lineup includes water tanks, plastic pipes, auto components, and various other equipment.

The foundation stone-laying ceremony for Sintex's manufacturing plant would take place on September 28, 2023, where the Chairman of Welspun Company, BK Goenka, and Industries Minister KT Rama Rao (KTR) would grace the event.

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 ₹350 Crores and generating employment to 1000 peopleWill be breaking ground for the same on… pic.twitter.com/UrzAJX1ezi
— KTR (@KTRBRS) September 23, 2023

KTR expressed happiness over the Welspun Group's continued expansion in Telangana, stating, "Many new investments are flowing into the State thanks to our excellent infrastructure. The expansion of existing companies is equally crucial for Telangana's development. We have ensured that companies receive timely support and infrastructure to facilitate their growth."

He further extended a warm invitation to Sintex Company, assuring them of comprehensive assistance from the State Government.