MRF expansion in Medak district
HYDERABAD: MRF, the largest tire manufacturers in India, today announced expansion of its existing factory at Ankampally in Sadashivpet mandal, Medak district, at an outlay of 980 crore rupees.
MRF MD K.M. Mammen, Senior General Manager Izak Tamburaj today called on Chief Minister Chandrasekhar Rao at Camp Office and informed him of the expansion plans and provision of employment to 905 people. With its current turnover pegged at 4,300 crore rupees, the company has 6,500 employees.
The Chief Minister assured the company of all possible help and cooperation to expand. When they appreciated steps of mitigating power problem, KCR said collective steps have given better results to tide over power crisis. “There will be no power cuts in future and we will now ensure uninterrupted power supply in the State, besides providing drinking water through water-grid project”, he said. “Once the Water Grid scheme becomes operational, all the industries will get adequate water”, he clarified.
KCR also stated that the Government would soon announce its new industrial policy by calling a meeting of noted businessmen and industrialists.
The Chief Minister said the Legislature Assembly recently passed a bill pertaining to the new industrial policy which will prove handy to the businessmen, industries, start ups and entrepreneurs. The Government will come up with one of the best industrial policies in India to ensure a very simplified and hassle-free regime to give permissions in about three weeks to set up their shops, KCR said. (NSS)