Comments
The Opposition in Telangana has raised questions on ownership of Swacch Bio, a lignocellulosic biofuels company, which has announced investment in Telangana during the ongoing tour of Chief Minister A Revanth Reddy to the US.
The Opposition BRS has alleged that the company was incorporated days before the CM’s tour to the US and that the CM’s brother was a director of it.
An official announcement came on Tuesday that in presence of Reddy and his team Swachh Bio would set up a 250KLPD second-generation, cellulosic biofuels plant in Telangana.
The company announced a capital investment of over ₹1,000 crore, in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles.
While the Chief Minister’s office did not respond to the issue, the BRS is proposing to escalate it.
The agreement was signed by Praveen Paripati, Chairperson, Swacch Bio.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.