Sany signs MoU with T'gana to set up prefab factory, dry ports

China's construction equipment manufacturer Sany Group today signed two MoUs with Telangana government to set up prefab factory and construction of dry ports in the state.
"Sany Group... Today signed two MoUs (Memorandum of Understandings) with the Chief Minister of Telangana K Chandrashekhar Rao for the investment to set up prefab factory and construction of dry ports in the state," the company said in a statement.
However, the company did not give investment details.
Sany group Chairman Liang Wengen said: "As part of our investment and expansion plans in India, we are happy to associate with Telangana state government for our housing industrialisation and port solutions business."

"This is a very important investment for us in the country and we look forward to work closely with the respective state government for this," Wengen said.
Rao said, "As part of our next step towards the development and modernisation of the state, we are excited to associate with Sany to build fabricated housing using their pre cast concrete technology and for the development of dry ports."
The state government is looking forward to bring affordable housing and world class dry ports in the state with this partnership, Rao added.