HYDERABAD:Swachh Bio, a leading manufacturer of lignocellulosic biofuels, has announced plans to invest over Rs 1,000 crore in establishing a 250 KLPD second-generation cellulosic biofuel plant in Telangana. This investment marks the first phase of their project.
The announcement came after a meeting with Telangana’s official delegation, led by Chief Minister A. Revanth Reddy and including IT & Industries Minister D. Sridhar Babu, in New York on Tuesday.
In the initial phase, Swachh Bio will create 250 direct jobs at the plant and an additional 250 support roles. The company also aims to position Telangana as a biofuels hub by setting up more plants in the future. The state government has pledged full support for the project.
‘Impressed by Government’s Decentralized Vision’
Swachh Bio Chairperson Praveen Paripati expressed admiration for Telangana’s decentralized development approach under Chief Minister Revanth Reddy. “We are excited to partner with the state and be part of its transformation journey. We believe this partnership will drive our growth significantly in the coming years,” Paripati said.
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