Ester Industries Ltd today announced that its wholly owned subsidiary Ester Filmtech Ltd has commenced commercial production at new Polyester film manufacturing plant in the State of Telangana.
Ester Industries Limited has decided to give Corporate Guarantee in favour of Bank of India, Bank of Baroda and HDFC Bank Ltd. for extending Working Capital facilities in favour of Ester Filmtech Limited.
Telangana minister KT Rama Rao slammed the central government for not helping small and medium-sized enterprises that have been hit by pandemic-induced lockdowns.
Despite the Covid-19 pandemic, Telangana s growth rate has outperformed the national growth rate and its share in the national Gross Domestic Product (GDP) has increased from 4.74 per cent in 2019-20 to 5 per cent this year, state Industry .