The foundation stone for the proposed plant, coming up on 47 acre in Mahabubnagar district, was laid by Telangana chief minister K Chandrasekhar Rao on Thursday.
“We will be investing Rs 400 crore in Phase-1 of the project. Upon its commissioning by the end of 2016, it will create direct and indirect jobs to 1,500,” Vikas Srivastava, managing director (India consumer business), J&J, told mediapersons.
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“The idea behind setting up this plant is to be close to south India, our largest market, which contributes 30-40 per cent to our India business,” Srivastava said, adding they would explore opportunities to expand further post the completion of Phase-1.
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