ITC To Invest 3500 Cr For Paper Manufacturing Unit In Telangana

ITC today disclosed its plans to set up a paper manufacturing unit in Telangana with an investment of Rs 3,500 crore. Pradeep Dhobale, ITC Executive Director and in-charge of Paperboards, Specialty Papers and Packaging businesses met with CM KCR and discussed ITC’s plans in setting up agro-based industries, food processing units, plantations along with a paper manufacturing unit with an initial investment of 3500 Crore. The CM  explained the rich resources Telangana has and reciprocated by saying his Government would help ITC with land and other resources to set up it’s units.

More details are awaited.

ITC presently has 2 of it’s operations in Bollarum and Bhadrachalam. The facility in Bhadrachalam is India’s largest integrated pulping and paperboard manufacturing unit.