Hyderabad, India (MediaBoss Network): Doosan, a renowned cosmetic products conglomerate hailing from South Korea, has announced its ambitious foray into Hyderabad, India. With an initial investment of approximately Rs. 5,000 crores, the company aims to establish its premier cosmetic products center in the country.

Representatives from Doosan held constructive discussions with Roads and Buildings Minister, Komati Reddy Venkat Reddy, at the Government Secretariat in Hyderabad. Presenting a comprehensive project report, they emphasized the significant benefits the venture would bring to the local economy, including job creation and substantial investments.

Moon Kee, a key representative of the company, highlighted Doosan’s extensive global footprint, with investments totaling $460 million in countries like China, Vietnam, and Cambodia. The company’s products enjoy widespread availability worldwide.

In their meeting with the Minister, Doosan’s representatives sought clarity on permissions, land allotments, and potential concessions necessary for their investment in Hyderabad. Minister Komati Reddy underscored the profound impact of Doosan’s presence, estimating direct employment for around 3,000 individuals and an additional 4,000 jobs indirectly.

“We are committed to sourcing spices and medicinal plants from local farmers, contributing to both regional growth and global export markets,” stated the Minister, illustrating the symbiotic relationship between the company and local stakeholders.

MNR Gupta India: TPL Founder Directors Mr Ganesh, Mr Venkat, Ms Navneetha, TPL Convenor Mr Praveen Reddy, TPL Co Convenor Ms Muniraj and other eminent Entreprenuers were part of South Korea Delegation and meetings with Honble Ministers. TPL Convenor Mr Praveen reddy, TPL Co Convenor Mudhiraj, Ritzy Group Global CEO/ TPL India Chairman M.N.R.Gupta facilitated meetings with Honble Telangana Cabinet Ministers Komati Reddy and Seethakka.

Expressing his confidence in Hyderabad’s business-friendly ecosystem, Minister Komati Reddy affirmed the government’s commitment to facilitating seamless approvals for industries. “Our single-window clearance system has attracted investments from leading global corporations. Hyderabad’s industrial landscape and policies are conducive to fostering business enterprises,” he remarked.

Chief Minister Revanth Reddy, orchestrating efforts to streamline the process, arranged a meeting with Industries Minister Sridhar Babu, assuring expedited permissions for Doosan’s endeavor.

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