Telangana IT and Industries Minister K T Rama Rao today launched Quantra, a new Quartz surfaces manufacturing unit of the Pokarna Engineered Stone company, at Rangareddy district's Kothur.
Ministers Sabitha Indra Reddy and E Dayakar Rao, other government officials, and company Chairman Gautam Chand also attended the program.
On the occasion, KTR said, "It gives me great pleasure to inaugurate this state-of-the-art manufacturing facility here at Mekaguda village. Built with an investment of around Rs 500 crore, this plant will create direct employment for 500 persons while also generating indirect employment for another 3,000 persons. It is equipped with the most advanced Bretonstone technology from Italy. The unit is spread over 160,000 sq mts and has a built-up area of about 6 lakhs sq ft. Our government will extend all the support required by the new company to establish itself."
"It is a stable government and able governance that has allowed Telangana to continually attract such large investments. Our emphasis on holistic development has allowed us to strengthen various sectors of the state. Industry is one among these. We offer businesses an ecosystem where they can flourish. Under the TSiPASS system, our government has ensured that businesses can set up shop in the state in a hassle free manner. As a result of our efforts, in the last seven years we have attracted investments of more than Rs 2.20 lakh crore. About 15,000 new companies have been set up in Telangana under our rule," he added.
Pokarna Chairman Gautam Chand also spoke at the program and lauded the government's business-friendly policies. He said that the company was able to set up its unit at Mekaguda as a result of government support.
This inauguration comes right after the launch of another massive manufacturing unit - just yesterday, KTR laid the foundation stone
for a Gokaldas Images garments manufacturing plant at the Sircilla Apparel Park near Peddur.
This new unit of the apparel manufacturing giant will reportedly provide 10,000 jobs to local youth, specifically to local women of the weaver community.