Dubai’s NAFFCO to invest Rs 700-Cr, DP World Rs 250-Cr in Telangana

DUBAI: Two major Dubai-based business houses have decided to invest considerably in Telangana. NAFFCO, the manufacturer of firefighting products and DP World a world-class port-building company expressed their willingness to invest in Telangana during the visit of State IT and Industries Minister KT Rama Rao (KTR) to Dubai.

NAFFCO would be investing Rs 700 crore in manufacturing firefighting equipment in Telangana. The company would work in tandem with the National Academy of Construction (NAC) of Hyderabad to establish an International Fire Safety Training Academy.

Company CEO Khalid Al Khatib expressed hope that their association with Telangana would help in the expansion of NAFFCO in fast-developing India. “The Telangana unit would produce sufficient firefighting equipment to meet the domestic demand in India,” he said. The Fire Safety Training Academy to be built in collaboration with the NAFFCO would bring in the vast experience of the Dubai company in imparting training in over 100 countries of the world, KTR said.

DP World to set up inland container depot

On the other hand, the world's renowned Port builder, DP World, announced its decision to invest Rs 215 crore in Telangana. A team from DP World led by Anil Mehta and S Sastry met KTR in Dubai and held discussions.

The DP World would build an inland container depot in Telangana at a cost of Rs 165 crore and would invest Rs 50 crore in the construction of a world-class 5,000 pallet rack capacity cold storage warehouse.

The Minister explained various pro-business steps initiated by the Telangana Government, particularly in the agriculture sector, stressing the need for the expansion of cold storage and processing facilities.

DP World has built Jebel Ali Port, Mina Rashid Cruise Terminal and Coastal Bert, P&O Marinas, Mina Al Hamriya in Dubai City and three Zones: Jebel Ali Free Zone “Jafza”, National Industries Park “NIP”, Dubai Auto Zone “DAZ”, Dubai Trade & World Security.

Malabar Group to invest Rs 125 crore

The Malabar Group which had already declared its investment plan for Telangana added one more venture at a cost of Rs 125 crore. The Malabar Group would set up a furniture manufacturing unit in Telangana. The announcement came during the visit of Minister KTR to Dubai. Speaking to the Telangana delegation, Malabar’s Chairman MP Ahmad said that the gold refinery and processing factory works in Telangana were going in a very speedy manner.

Lulu group to employ 500 in Sircilla Aquacluster

Lulu Group’s chairman Yousuf Ali during a meeting with KTR announced his intention to expand his company’s footprint in Telangana. The Lulu Group would set up an aqua processing unit at the upcoming aqua cluster in Sircilla that would provide employment to over 500 people. The company had planned to export aqua products worth Rs 1,000 crore from the Sircilla cluster. The company would also establish a cold storage and processing unit at the cluster.