3 jute companies to invest ₹887 cr.
The Hindu
Gloster Limited to set up mill in Warangal, MBG in Sircilla, and Kaleshwaram Agro in Kamareddy
The Telangana government entered into separate MoUs with Gloster Limited, MBG Commodities Pvt. Ltd., and Kaleshwaram Agro Pvt. Ltd. for a combined investment of ₹887 crore in the jute sector that will provide direct employment to 10,400 people.
The MoUs were signed in the presence of Ministers K.T. Rama Rao, Singireddy Niranjan Reddy, and Gangula Kamalakar.
KTR stated that Telangana is making efforts to revolutionise the agriculture sector through optimum utilisation of resources from the Godavari and the Krishna, and there was a need to be self-sufficient in jute production as the demand has been rising on the back of increasing agricultural produce and procurement in the State. The Minister said that farmers need to look at alternate crops as well for sustainable profitability. More jute mills are likely to come up in the State.
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