Telangana Government Signes MoU With Japan's Daifuku Company. See PICS

Minister KTR said land was a luxurious commodity and wanted manufacturers to be more creative and make new inventions.

By : ABP News Bureau | Updated at : 13 Dec 2022 05:25 PM (IST)

Japan Based Daifuku Company To Invest Rs 450 Crore In Telangana

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The Telangana government on Tuesday signed a memorandum of understanding (MoU) with Daifuku Company, which provides automated material handling technology and solutions. The company is setting up a new manufacturing facility at Chandanavelli, Hyderabad.

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Speaking on the occasion, Minister KTR said land was a luxurious commodity and wanted manufacturers to be more creative and make new inventions.

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The Minister highlighted the need to focus more on the manufacturing sector, saying India must complete all of its growth and development in the sector in 10 years, as opposed to the United States, which completed it in 30 years, and China, which completed it in 25 years.

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Nicomac Taikisha Cleanrooms Private Ltd. announced plans to invest Rs 126 crores in its third manufacturing facility in Hyderabad on Tuesday.

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Nicomac Taikisha Cleanrooms Private Ltd. plans to expand its cleanroom production and start producing HVAC systems. The announcement was made in the presence of Telangana Industries Minister KT Rama Rao.

Published at : 13 Dec 2022 05:25 PM (IST)

Tags :

Minister KTR Minister KT Rama Rao Telangana Daifuku Company Nicomac Taikisha Cleanrooms Private Ltd