Hyderabad News

Hyderabad: Continuing the good run at getting big ticket investments, Telangana succeeded in getting Ashirvad Pipes of Aliaxis Group agree to set up a greenfield facility with an investment of Rs 500 crore in Telangana. The firm will manufacture storage and distribution plastic piles, fittings and accessories. The announcement came after Aliaxis CFO Koen Sticker met with Industries Minister KT Rama Rao on the sidelines of the World Economic Forum in Davos. This investment will create over 500 jobs in Telangana State. In this connection, the Telangana Government signed a memorandum of understanding with Aliaxis, a global leader in advanced piping systems for building, infrastructure, industrial and agriculture applications. Ashirvad Pipes is also in talks with Telangana for setting up a Center of Excellence for Manufacturing in the State. Hyderabad second largest base for Novartis Meanwhile, Hyderabad emerged as the second largest base for Novartis, a multinational pharmaceu...