Ashirvad Pipes to spend Rs 500 cr in TS

Hyderabad: Telangana is positioned to obtain a financial investment of Rs 500 crore as Ashirvad Pipes of Aliaxis has actually authorized an MoU with the Government of Telangana to establish a greenfield center in the state. The MoU was authorized in between Aliaxis and also the Government of Telangana in the visibility of Industries Minister K T Rama Rao in Davos.

The company will certainly produce storage space and also circulation of plastic pipelines, installations and also devices. The statement followed Aliaxis CFO Koen Sticker fulfilled KT Rama Rao on the sidelines of WEF in Davos.

Ashirvad Pipes is additionally in talks with the Government of Telangana for establishing a Centre of Excellence for Manufacturing in the State.