Gujarat signs 3 MoUs, to see Rs 10,000 crore investments

0
49
Rs 10,400 crore MoUs signed, Gujarat promised 21,300 new job.

Gandhinagar: Gujarat government on October 17 signed MoUs with three companies for different projects envisaging cumulative investments worth Rs 10,400 crore. These projects in man-made fibre, garments, agrochemicals and intermediate sectors are expected to generate direct and indirect employment to around 21,300 people.
Grasim Industries Ltd, a part of Aditya Birla Group, has entered into an agreement for expansion of its viscose staple fibre (VSF), a man-made fiber, facility at Vilayat in Bharuch with investment of Rs 3,500 crore. The proposed facility is expected to be operational by the first quarter of 2020 and will generate employment to 1,000 locals.
“The company is also interested in expanding its cellulosic fiber facility at Kharach, Kosamba in Surat district with a proposed investment of Rs 600 crore with employment potential for 300 individuals. ,” the state government said. The company is also interested in expanding its cellulosic fibre facilities at Kharach and Kosamba in Surat district with a proposed investment of Rs 600 crore with employment potential for 300 individuals. The facility is expected to be completed and commissioned by December 2018,” the state government said in a statement.
Textiles-to-retail con glomerate Arvind Ltd inked an MoU for a first of its kind mega apparel facility , under the new Gujarat Apparel policy. The company intends to infuse Rs 300 crore in two phases for the project, which will come up at Dehgam near Ahmedabad and will have a capacity to produce 24 million garments once it is fully operational. “We plan to commence commercial production in the fourth quarter of 2018 and we plan to create 10,000 jobs, a majority of which will be for women. We are confident that with such a conducive policy Gujarat will emerge as a major destination for garmenting,” said Kulin Lalbhai, executive director, Arvind Ltd.
A agrochemical sector company also signed an MoU proposing a facility to produce agrochemicals and intermediates at Dahej, Bharuch with a Rs 6,000 crore investment. The project is expected to provide direct and indirect employment to about 10,000 people. All the three agreements were signed at Gandinagar in presence of Chief Minister Vijay Rupani.

LEAVE A REPLY