Food processing park in Hyderabad
Telangana govt cleared proposal for setting up a five-star hotel in Madhapur
By : DC Correspondent
Update: 2014-11-07 03:25 GMT
Hyderabad: ITC limited has shown interest in setting up a food processing park in the Telangana state , said IT and panchayat raj minister K.T. Rama Rao on Thursday. The Telangana government has cleared a proposal by the hotel division of the multi-business conglomerate for setting up a five-star hotel in Madhapur, the IT hub of the state capital.
“They (ITC) have approached us with a proposal for setting up a food processing park. We suggest them to set it up in Gajwel as it is nearer to the state capital and more apt,” said the minister on the sidelines of a national conference on packaging.
The IT and panchayat raj minister, however, did not disclose the investment proposal details by ITC, saying that talks are still in its preliminary stages.
He said that the Telangana government has already received proposals for expansion of ITC’s existing paper plant at Bhadrachalam with an investment of Rs 3,000 crore.