The $2.3 billion, diversified Welspun Group to set up three manufacturing facilities in Telangana entailing an investment of over ₹1,900 crore.
Two of them would be dedicated to the high growth technical textiles, while the other would be for making line pipes. The employment opportunities, both direct and indirect, estimated to be generated would be more than 5,000.
TPCC chief Uttam Reddy has alleged that a major scam occurred in the allotment of land and other industrial incentives to Welspun in Hyderabad by the state government. The government allotted 800 acres of valuable land in Rangareddy district to a private firm by three different GOs issued on March 23. It allotted another 15 acres of land to another private company at Madhapur in a similar manner, he has claimed.