Raghu Vamsi Group to Invest ₹300 Crore in Telangana Facility
Raghu Vamsi Group has initiated the construction of a new manufacturing facility in Telangana with an investment of ₹300 crore, according to a company press release. The facility will be situated on an eight-acre site at Telangana's Hardware Park, near the international airport, and is expected to bolster the company's manufacturing and research capabilities.
The facility will house dedicated manufacturing units for 15 Original Equipment Manufacturers (OEMs). The company plans to create 2,000 jobs over the next three years as part of this expansion.
Raghu Vamsi Group, which reports a compound annual growth rate exceeding 35%, has a current order backlog of over ₹2,000 crore. Managing director Vamsi Vikas described the project as a key step in the company's broader growth strategy.
The foundation stone for the facility was laid in a ceremony attended by Telangana Minister D Sridhar Babu. The initiative is expected to contribute to the region’s manufacturing sector.
This investment marks a significant milestone for the Hyderabad-based firm, aligning with its efforts to scale operations and meet growing demand.