Polmor Steel Eyes Expansion in Telangana: Poland Ambassador Dr. Sebastian Domzalski Visits Plant
The Company Produces Critical Railway Components for European Rail Manufacturing companies.
Hyderabad, 18th April 2024:
Polmor Steel Pvt Ltd Factory, a leading manufacturer of critical components for railway companies, is set to embark on a significant expansion initiative in Telangana, promising to create more employment opportunities in the region. The factory, strategically located at the Automotive Park, in Kallakal and Muppireddypalli Industrial Area in Medak district, is poised for substantial growth.
The expansion plans received a notable endorsement as Poland Ambassador and Chargé d'affairs to India, Dr. Sebastian Domzalski, paid a visit to the Polmor Steel Factory on Thursday. Accompanied by the Consul General of Poland, Dr. Aleksander Dańda, and the Economic Counsellor at the Embassy of Poland, Mr. Paweł Mokrzycki, Mr. KVR Subba Rao, Managing Director of Polmor Steel, the esteemed delegation toured both the existing plant and the new facility currently under construction.
Expressing his delight at witnessing the progress of a Polish company in India, Ambassador Domzalski commended Polmor Steel's commitment to growth and job creation. He highlighted the company's alignment with the Government of India's Make in India initiative and extended his best wishes for its continued success.
Mr. KVR Subbarao, Managing Director of Polmor Steel Pvt Ltd, shared insights into the company's expansion strategy, stating, "As several European companies establish their presence in India, Polmor Steel is proud to contribute to this trend by expanding its operations. With plans to acquire an additional 3 acres for expansion and inject 2.5 million euros in capital, we aim to create employment opportunities for an additional 100 individuals." Also informed that there are more than 30 employees of Polmor Steel now working in Parent company in Poland. This is also giving our people to work in Europe and learn and develop and enhance their skills to deliver European standard products.
Acknowledging the support received from various stakeholders, including the state government of Telangana and TSIIC, Mr. Subba Rao expressed gratitude to the Ambassador, Consul General, and Economic Counsellor for their visit and encouragement. The expansion of Polmor Steel represents a significant milestone in the company's journey, underscoring its commitment to innovation, excellence, and socioeconomic development.