Spain company to establish an industry in Telangana

Hyderabad, July 15: The Spain based company SIPASA has proposed to set up an agricultural Biological pesticide manufacturing industry in Telangana.

In this regard, the proposals were submitted to the Chairman of the Telangana State Urban Infrastructure Development Corporation (TSIIC), Gadhari Balamallu.

The Representatives of the company Francesco, Escrig, Bio India Corporation, CCO, Sriramgangadhar, met with Balamallu here on Friday.

While speaking at a meeting, They said that their organization has a turnover of $ 25 million annually by establishing industries in many countries around the world and produces Biological pesticides, animal health products, and nutrients.

The company has decided to set up an industry in Telangana as part of its expansion.They also asked to allocate suitable space to establish the industry.

Balamallu said that The Telangana Govt has welcomed the company's decision and if they come with comprehensive proposals, CM KCR and Industry Minister KTR will be taken for the approvals.

He said that "we should cooperate with the industry in all aspects", he added. The Telangana Industrialists Federation President Sudheer Reddy has participated.