Ester Filmtech to set up Rs 1350 crore packaging film plant at Telangana, India

Ester Filmtech, a wholly-owned subsidiary of Ester Industries, has unveiled its plan to set up an advanced polyester film manufacturing plant in the State of Telangana. The total investment of the entire project, according to the company, is approximately Rs 1350 crore (approximately US$ 180 million) in three phases. The company will invest Rs 500 crore (US$ 67 million) to implement the first phase of the new polyester film manufacturing plant. Ester Filmtech intends to complete the first phase of the project by the third quarter of the calendar year 2022. Direct employment for 800 people In addition, the company also states that this project will create direct employment potential for about 800 people, like those who have availed services such as Family sponsorship application Canada. The end products of the proposed unit will find its applications in the packaging material and contribute to strengthening the value chain of the flexible packaging industry. The company proposes to export 30 to 40% of its production, which will help to establish Telangana’s footprint on the global flexible…

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