Telangana has received four new investments in the areas of pet food, chocolates, bakery items, and mobility. Three of them have declared investments totaling about Rs 400 crore. One corporation elected not to reveal the extent of their investment. Industries Minister KT Rama Rao made the investment announcements during the opening ceremony for the department’s annual report.
Mankind Consumer Healthcare, a renowned pharmaceutical and consumer goods firm, has announced plans to spend Rs 159 crore in a pet food production unit. It will contribute to the State’s agri-food environment by utilising grains such as rice and maize. It will also use meat and fish waste, thereby supporting the state’s growing meat and fisheries sector.
Company’s Chief Executive Officer Arjun Juneja and President-Operations Abhay Kumar Srivastava were present at the MoU signing.
Principal Secretary Jayesh Ranjan and other officials were present.
