Hyderabad, Jan. 21 -- FMCG giant Unilever Global has agreed to set up two Telangana manufacturing units in Telangana, said Telangana chief minister Revanth Reddy on Tuesday, January 21. The announcement was made from the World Economic Forum in Davos, where the CM met Hein Schumacher, CEO of Unilever, and convinced him.

According to a statement from the Telangana chief minister's office, Unilever will set up a palm oil manufacturing unit in Kamareddy district, and also bottle caps making unit in Telangana. The brand which operates as Hindustan Unilever in India, has had no significant presence in Telangana till now, the release added.

The meeting with Unilever was held along with Telangana IT and industries minister D Sridhar Babu and o...