The Group will set up their facility in Thoopran in Siddipet district over 20 acres to manufacture products under their Too Yumm and E-vita brands. The facility will employ about 1,000 people.
An MoU was signed on Monday during state Information Technology and Industries Minister K.T. Rama Rao's visit to Kolkata.
RPSG group and Telangana state also agreed to build backward linkages to farmers and work towards establishing a local vendor base.
The minister met business leaders and investors. In the meeting with RS Goenka, Rama Rao explained state government's policies and investment opportunities. The investors showed interest and responded positively in making investments in Telangana, said a statement from the minister's office here.
Rama Rao also met Hemant Kanoria, Chairman, SREI Infrastructure Finance Company and requested him to support the proposed Industrial and food parks in Telangana.
Later, he addressed the large group of industrialists at a meeting organised by the Confederation of Indian Industry (CII) and invited them to invest in the state.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.