Telangana gets commitment on Pepsico centre expansion, Allox’s C-LFP unit, Apollo Tyres digital innovation facility
The Hindu
Senior leadership of firms announced after meeting Minister KTR on the sidelines of World Economic Forum, Davos
PepsiCo, Apollo Tyres and Allox Advance Materials have unveiled plans to either ramp up operations or establish facilities in Telangana after their senior leadership met with Industries and IT Minister K. T. Rama Rao, on the sidelines of the World Economic Forum (WEF 2023) in Davos.
PepsiCo said its Global Business Services Center in Hyderabad which began operations in 2019 with 250 people now has a headcount of 2,800. It plans to raise this to 4,000 employees within next one and half years. The announcement, by the Minister’s office, was made after PepsiCo EVP Corporate Affairs Roberto Azevedo met Mr.Rao at Telangana Pavilion in WEF and discussed plans of the company in the State.
Manufacturing opportunities for PepsiCo food products in State were also discussed.
The Minister assured the State government’s cooperation for the future investments. PepsiCo GBS delivers critical products and solutions for company operations and digitalising HR and financial services. The American multinational food company said it is keen to participate in sustainability initiatives in partnership with Telangana government, including improving water efficiency, recycling and reuse of plastics.
C-LFP Battery material unit
In another release, the Minister’s office said Allox Advance Materials will be setting up a Carbon Coated Lithium Iron Phosphate (C-LFP) active battery material production unit in Telangana.
The plant will entail an investment of ₹210 crore and have a capacity of 3GWH/PA initially. By 2030, the company proposes to expand the capacity to 10GWH on a total investment outlay of ₹ 750 crore. The facility will create employment for 600 highly skilled and semi-skilled professionals, according to the release on an MoU the firm entered into with the State government.
No room for complacency till counting is completed, Chandrababu Naidu tells TDP-BJP-JSP contestants. The TDP-BJP-JSP alliance will register a comfortable victory in the general elections over the YSRCP, he says. Alleging that the YSRCP has conspired to create disturbances on the counting day, the TDP national president advises the chief counting agents and their teams to see to it that the officials adhere to norms related to counting.