Telangana
Telangana Govt invites JSW Steel to set up factory in Bayyaram
Hyderabad/ Mumbai: Telangana Minister for Industries K T Rama Rao (KTR) on Thursday assured JSW steel Chairman and MD Sajjan Jindal of complete cooperation if the company sets up a steel factory in Bayyaram in the state.
KTR, who met with top business and industry leaders in Mumbai, met Jindal and discussed Telangana government’s industry-friendly policies and the state’s economic progress, making it a favourable for investments with avenues of operation expansion, among other things.
It was good to reconnect with Sri @sajjanjindal Ji after a few years
— KTR (@KTRTRS) January 12, 2023
We spoke about potential opportunities to invest in Steel, Paints and sporting facilities in Telangana pic.twitter.com/LeusEN5vMm
The minister also told Jindal that the Central government and Steel Authority of India Limited (SAIL) are already mulling a steel plant in Bayyaram as there are ample iron ore reserves in Bayyaram and the adjacent Chhattisgarh.
For these reasons the area is ideal for setting up a steel plant, he added.
Jindal said he was aware of the Telangana government’s industry-friendly policies and praised Chief Minister K. Chandrashekar Rao’s leadership for the investments in the state in the past few years and the consequent economic progress.
(With UNI inputs)
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