Ester Filmtech has planned to set up an advanced polyester film manufacturing facility in Telangana. The total investment of the project is around ₹1350 crores in three phases. Implementation of the first phase with a capital outlay of ₹500 crores is scheduled to be completed by third quarter of 2022. The project will create employment for about 800 people.
The end products of the proposed unit will find its applications in the packaging material and will help contribute towards strengthening the value chain of the flexible packaging industry. The company proposes to export 30-40 per cent of its production, which will help to establish Telangana’s footprint on global flexible packaging map, Ester Filmtech said in a press release.
According to Arvind Singhania, chairman of the company, Ester Filmtech has chosen Telangana due to industry friendly policies and growth oriented approach of the visionary chief minister of the state, Chandra Sekhar Rao, and minister, Rama Rao. As compared to other states, Telangana is far ahead in respect of investment friendly climate, ease of doing business, industry friendly policies like TSI-pass, T-IDEA, and so on.
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