Home / Knowledge / News / Textiles / India's Raymond Group to invest Rs425 crore in Maharashtra
India's Raymond Group to invest Rs425 crore in Maharashtra
23
Feb '18
Courtesy: Raymond
Courtesy: Raymond
India’s Raymond Group recently signed agreements worth Rs 425 crore with the government of Maharashtra to set up residential and sports complexes, commercial amenities and schools in Nandgaon Peth in Amravati. As per the agreements, the state will facilitate necessary permissions, registrations, approvals, clearances and fiscal incentives.

The agreements were signed during the Magnetic Maharashtra investors summit by JK Investors (Bombay) Ltd, which owns the group. The project would commence in fiscal 2018-19, according to a news agency report.

The first agreement is for a proposed investment of Rs 50 crore to set up the school project and sport complex, while the second one is of Rs 375 crore for setting up a residential complex and commercial amenities with 2,000 houses.

The group recently inaugurated a new greenfield linen manufacturing facility in the new textile park in Nandgaon Peth under its subsidiary Raymond Luxury Cottons Ltd. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Courtesy: Pexels

Textiles | On 22nd Jun 2018

Pakistan's textile exports up 9.82% in July-May FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search