Unilever To Set up Two New Production Facilities in Telangana

FMCG giant Unilever has decided to set up two production facilities in Telangana after discussions between Chief Minister A Revanth Reddy and Unilever CEO Hein Schumacher at the current World Economic Forum (WEF) annual gathering in Davos.

During the meeting, the Chief Minister highlighted Telangana's "extraordinary locational advantages" as a gateway and bridge to several southern states and other parts of the country, a state government release said. While Unilever operates multiple manufacturing sites in India, its presence in Telangana has thus far been minimal, the release added.

In reply, Unilever's CEO revealed intentions to set up a palm oil plant and refining facility in Telangana. CM Revanth Reddy extended complete support and recommended an appropriate site in Kamareddy district for the facility, the release mentioned. The Unilever team has also committed to establishing a new production facility for making bottle caps.

"In a breakthrough, Chief Minister Revanth Reddy convinced Hein Schumacher, CEO of Unilever, to set up two manufacturing units in Telangana," the release stated.

Independently, the Telangana government entered into a MoU with Skyroot, a company located in Hyderabad that operates in the space technology industry.

The MoU describes intentions for the company to set up a cohesive private rocket production, assembly, and testing site in Telangana. The project will involve Skyroot investing approximately Rs 500 crore, as stated in an official announcement.