Unilever, the fast-moving consumer goods company, announced plans to set up a palm oil manufacturing unit in Kamareddy district, Telangana, along with a bottle caps manufacturing unit in the state, according to an official release.
The company release stated, “In a major breakthrough, Chief Minister A Revanth Reddy, convinced Hein Schumacher, CEO, Unilever, during a hard sell, to set up two manufacturing units in Telangana.”
The company, which is considered as one of the world’s greatest FMCG brands, has had no significant presence in Telangana till now.
Along with IT and Industries Minister D Sridhar Babu and officials of the Telangana Rising delegation, during their meeting with Hein Schumacher, CEO, Unilever, and Willem Uijen, Chief Supply Chain Officer, Unilever, while discussing investments and business opportunities for Unilever in Telangana, CM Revanth Reddy displayed the extraordinary locational advantages, where the land-locked state can actually be the gateway and bridge to several states in the south of India, and other states in the east, west and central India.
He spoke to the Unilever CEO and Global Supply Chain Officer the advantages in supply chain and logistics manufacturing in Telangana would provide, besides additional strengths and factors of appeal like a huge consumption-driven market, peerless ease of doing business, progressive policies benchmarked to the best in the world and the extraordinary vision for 2050 – TelanganaRising.
Chief Minister Revanth Reddy, during the interaction, requested the Unilever team to consider those lines of activity which are showing high growth in India, and to locate such domains in India.
Responding with great alacrity and spontaneity, Unilever CEO announced that they would locate a palm oil facility and refining unit in Telangana. CM Reddy offered fullest support and offered any suitable location in Kamareddy district, the release added.
