Bantia Furnitures, Telangana Govt Ink ₹511-Cr Deal For Advanced Units
The projects are planned to generate more than 1,550 direct and indirect employment opportunities across Telangana, by providing impetus to local economies and fostering skill development.
Hyderabad: City-based Bantia Furnitures, represented by Surendar Bantia and Amit Bantia, and the state government signed a memorandum of understanding (MoU) valued of Rs 511 crore to set up advanced facilities primarily focused on furniture manufacturing.
The formalisation of agreement took place during the Telangana Rising Global Summit in the presence of Chief Minister A.Revanth Reddy.
The projects are planned to generate more than 1,550 direct and indirect employment opportunities across Telangana, by providing impetus to local economies and fostering skill development.
Surendar Bantia, head of Bantia Furnitures, said the project represented not just a substantial investment but also a profound dedication to sustainable employment generation and the commencement of a new chapter of progress and prosperity for the state.
Industry analysts and experts lauded the MoU as a transformative step, poised to redefine growth trajectories within Telangana's furniture sector and pave the way for innovation and expansion.
