Indian Bank CEO M K Jain on Monday offered to invest in TelanganaState. He met Chief Minister K Chandrasekhar Rao at the camp office and agreed to invest in developmental programmes in GHMC and HMDA limits as well as in the towns.

The Chief Minister welcomed the bank’s proposal to boost the service sector and development programmes in the State.

Ashok Leyland unit soon

Ashok Leyland has signed an agreement with the Telangana government for establishing a manufacturing unit in the State. According to company representatives, Ashok Leyland would invest Rs 500 crore for setting up manufacturing unit and provide employment to some 1,000 people.