China's construction equipment manufacturer Sany Group on Saturday signed two MoUs with Telangana Government to set up prefab factory and construction of dry ports in the state. “Sany Group signed two Memorandum of Understandings (MoUs) 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. 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.