Noted Wipro company has come forward to invest Rs 220 cr in Consumer Care sector by setting up its unit in Maheshwaram mandal on the outskirts of the city. IT Minister KT Rama Rao, secretary Jayesh Ranjan signed the deal with Wipro company Director Rishad Premji, Wipro Enterprises during a meeting on the sidelines of WCIT 2018 at HICC in Hyderabad.
The unit will manufacture toilet soaps and other personal care products. The project will come up in a 40 acre land in Maheshwaram mandal of Rangareddy District, creating 300 direct jobs and about 200 indirect jobs. KTR extended thanks to the management of Wipro for preferring Telangana over other competing states for setting up this unit. Minister also suggested that there are many other business opportunities that Wipro can further explore in Telangana. “Wipro has a good presence in the state and its new manufacturing unit will boost the progress of the industrial sector in Telangana,” KTR added.
He also explained that through TS-iPASS Telangana government has given approvals to many mega projects and the latest investment by Wipro is a testimony of the fact that Telangana is the favourite destination for investors. (NSS)