Telangana Govt and Bantia Furnitures Sign ₹511-Cr Deal for Advanced Units
The Telangana government has entered into a significant agreement with Bantia Furnitures, marking a milestone in the state’s industrial development. The MoU is valued at ₹511 crore, aimed at establishing advanced furniture manufacturing units.
Bantia Furnitures’ Investment in Telangana
This partnership was formalized at the Telangana Rising Global Summit, attended by Chief Minister A. Revanth Reddy. Surendar Bantia and Amit Bantia represented Bantia Furnitures during the signing. The deal aims to elevate the furniture manufacturing sector within Telangana.
Economic Impact and Job Creation
The new facilities are expected to create over 1,550 jobs, both direct and indirect, supporting local economies. This initiative emphasizes skill development and aims to boost employment opportunities across the state.
Statements from Leadership
- Surendar Bantia highlighted the investment as a commitment to sustainable job creation.
- This project signifies the beginning of a new era of development for Telangana.
Industry Response
Experts have recognized the MoU as a pivotal move for Telangana’s furniture sector. It is anticipated to enhance innovation and facilitate growth in the industry.
The collaboration between the Telangana government and Bantia Furnitures represents a strategic step towards furthering the state’s economic landscape while providing a robust platform for future advancements in furniture manufacturing.
