RP-Sanjiv Goenka group to invest Rs 200 crore in Telangana food sector

Hyderabad: The RP-Sanjiv Goenka group has come forward to invest Rs 200 crore in the food processing sector in Toopran, Siddipet district, in the state. The unit of the Kolkata-based company with interest across diverse sectors, is expected to create job opportunities for 1,000 people.

The announcement was made after industries minister K.T. Rama Rao met group chairman Sanjiv Goenka in Kolkata on Monday. He urged Mr Goenka to bring the company’s expertise in food processing and packaging sectors to the state. He wanted the group to create a mechanism for farmers to sell their produce locally at market rates.

Later Mr Rama Rao met Srei Infrastructure Finance Limited (SIFL) chairman Hemant Kanoria and briefed him about TS government policies and investment opportunities. He requested the group to partner with the government in infrastructure projects.

Mr Kanoria agreed to Mr Rama Rao’s request to arrange a meeting with investors from Japan, China and South Korea in Hyderabad.