Gloster has inked a memorandum of understanding (MoU) with the government of Telangana to set up an integrated jute mill in Warangal district at a proposed investment of approximately Rs 330 crore.
Under the arrangement, the government of Telangana will inter alia ensure seamless execution and hassle-free transparent system for quick approvals and clearances under the TS-iPASS framework, facilitate jute cultivation in the state, provide necessary assistance for adequate infrastructure development and offer competitive incentives.