It also palns to expand paper plant capacity and set up a new hotel in Hyderabad
Hyderabad: Business conglomerate ITC Limited will invest Rs 8,000 crore in Telangana for expanding its paper plant capacity and setting up of a new hotel, said company Chairman Y C Deveshwar.
"As a commitment from ITC we assure you that we will be investing Rs 8,000 crore in the state of Telangana. We will expand our paper plant capacity and set up a new hotel in Hyderabad," Deveshwar said during the launch of Telangana's new Industrial policy here.
He also said that the paper plant expansion itself would need around Rs 4,500 crore.
( Source : PTI )
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