The Telengana state government has signed a Memorandum of Understanding (MoU) with lifestyle brand, ‘Shoppers Stop’ for setting up their manufacturing unit in Sircilla Apparel Park.
Minister of IT and Industries KT Rama Rao, who was in Mumbai for signing the MoU, said, “Delighted that the apparel manufacturing unit of Shoppers Stop will be coming up in Sircilla. Employment opportunities to hundreds of women will be created. It is a huge step forward for Sircilla Apparel Park”.
According to the MoU, which was signed by IT & Industries Principal Secretary Jayesh Ranjan and Shoppers Stop Managing Director and CEO Rajiv Suri, Shoppers Stop will make an investment in setting up an apparel manufacturing unit in Sircilla Apparel Park.
Rama Rao also held talks with industry leaders from the textile sector in Mumbai and explained about the investment opportunities in Telangana. Giving an overview of the State governments industrial policies and the single-window clearance system under TSiPASS, he also talked about the industrial parks coming up in the textile sector in Telangana.
During another meeting with the leaders from pharma sector and representatives of the Indian Pharmaceutical Alliance, Rama Rao highlighted the investment opportunities in the pharmaceutical and life sciences sector in Telangana.
“Telangana’s ambitious agenda is to double the size of our life sciences ecosystem from 50 billion dollar in 2020 to 100 billion dollar by 2030 and creating four lakh new jobs,” he added.