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Economy

Telangana’s plans for ‘Tirupur model’ renews hopes in Sircilla

This will be possible only if there is an attitudinal change among power loom weavers, say owners. Tirupur Stakeholders Forum website says entrepreneurial skills of the people, coupled with hard work and commitment to job made the city grow in leaps and bounds. Telangana Government’s assertion to develop Sircilla on the lines of Tirupur in Tamil Nadu, referred to as the knitwear capital of India, has rekindled hopes among the power loom weavers. Replicating the Tirupur model would do wonders for the textile town in Telangana, only if there was attitudinal change among the power loom weavers, according to the loom owners. The town and its surrounding areas were rocked by a spate of suicides by the weavers due to ...

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NSL Brings Telangana’s 1st Foreign Investment Of 1000 Cr

Iron ore beneficiation plant

As we reported yesterday, NSL Consolidated Ltd, the Australian Coal & Iron mining firm, is investing in Telangana for an Iron Ore plant. The company’s Chief Operating Officer Sean Freeman met the CM with his team and explained their plans to setup Iron pellet plants in Karimnagar & Siddipet. They submitted plans to invest Rs 1000 Cr in 1st phase. Eventually, NSL want to setup a steel plant in the location feeding on the available Iron Ore, with an additional investment of Rs 1500 Cr. 2000 jobs would be created immediately when the project commences, as per officials. CM’s Principal Secretary S Narsing Rao & Telangana Chief Secretary Rajeev Sharma were present in the discussions with the company’s officials and KCR asked them ...

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Australian Firm NSL Proposes Iron Ore Plant In Karimnagar

Australian firm NSL Consolidated Limited is interested in setting up an Iron Ore processing plant in Karimnagar. They reportedly submitted proposals to Telangana Govt and they are under review. Meanwhile, the company’s officials are slated to meet the CM to present the project details. Karimnagar is rich in Iron Ore deposits. Iron ore essentially magnetite, with more than 60% iron occurs near Yerabali  in Huzurabad Taluk.  A number of magnetite occurrences are known in Jagtial, Arnakoda, Mallapur and Choppandandi. NSL  has a 290-acre Mining Lease application for Karimnagar. While initially it was said Karimnagar had a reserve of about 16 million tonnes of low grade ore, NSL’s documents submitted to Australian stock exchange mentionan exploration target of 62-125 million tonnes of magnetite at 20% to ...

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Advantage Telangana: Hero MotoCorp Officials Visiting Today For Their 6th Plant Site

hero-motocorp

Hero MotoCorp is actively examining Telangana Government’s proposals to establish their 6th manufacturing plant in India, their first in South India. Hero MotoCorp, the world’s largest two-wheeler maker by volumes since 2001.  A team from Hero Motocorp is visiting Telangana today to visit a handful of sites apart from the main one – Zaheerabad. The other sites are reportedly in the industrial lands held by Telangana Government in Rangareddy & Mahabubnagar. However, Zaheerabad remains in focus for now as it has established manufacturing ecosystem with Mahindra manufacturing nearby. Telangana Government officials are cautious with details and optimism as Hero MotoCorp almost decided on Dharwad in Karnataka earlier but things fell apart in the final minute over several issues. Then, Hero asked Karnataka for ...

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Propaganda Not Withstanding, Hyderabad Metro Works Chug Along

While some media houses are busy weaving ridiculous propaganda that L&T is leaving Hyderabad Metro project, HMR today released some images of the Uppal depot being constructed, to show the pace of the works being carried. Here are 4 such pictures. Hyderabad Metro Rail has planned three maintenance facilities (train depots) for maintenance of trains, rail systems and engineering maintenance vehicles for each of the 3 corridors. These maintenance depots are manned round the clock and are equipped with all facilities and resources required for efficient and effective maintenance of rail system assets. The three depots planned in 72 km rail network of Hyderabad Metro Rail are located at: Miyapur for Corridor 1 (Miyapur –LB Nagar) Falaknuma for Corridor 2 ...

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