The Incredible Husk International Group has expressed interest in establishing its plastic recycling and husk pallet manufacturing facility in Telangana with a US$25 million investment.
In order to negotiate the installation of their husk pallet and plastic recycling unit in the State, Industries Minister KT Rama Rao and CEOs of Incredible Husk International United Kingdom and Incredible Husk India met in London.
The Incredible Husk International Group team informed the Minister at the meeting that the new unit will be established with a US$25 million investment. Up to 1000 MT of biopallets could be produced annually by the production facility.
The company also expressed its interest in collaborating with the Telangana government to lay down a roadmap for a cooperative model for collecting husk and reused plastic in the State.
Rama Rao assured the Incredible Husk International Group of all the support from the Telangana government for their proposed venture in the state.
