Home / Knowledge / News / Textiles / Raymond to set up Rs 1500 cr textile plant in Amravati
Raymond to set up Rs 1500 cr textile plant in Amravati
22
Dec '15
In a major boost to Maharashtra's textile industry, the state government signed an agreement with Raymond for setting up a Rs1,500 crore plant at Nandgaonpeth in Amravati.

The government allocated 500 acres of land to Raymond Group for setting up the state-of-the-art plant.

Making an announcement in Assembly, Chief Minister Devendra Fadnavis said the investment would generate about 7,500 jobs. Raymond Group Chairman and Managing Director Gautam Singhania was present in the Visitors' Gallery when the Chief Minister made the announcement.

Ahead of allocating land to Raymond, the government had already allocated land to other textile units like Shyam Indofab, VHM Industries, Suryalakshmi and Siyaram Silk Mills.

Collectively, these other factories would be investing Rs 2,200 crore while generating about 5,200 jobs. Fadnavis said Shyam Indofab has already started production while others would be commencing shortly.

The CM said the government has decided to set up textile parks in the cotton belt of Vidarbha, besides in Marathwada and north Maharashtra through the Maharashtra Industrial Development Corporation (MIDC).

Apart from Nandgaon Peth, the textile parks will come up at Yavatmal, Chikhli (Buldana), Jamner (Jalgaon), Kannad (Aurangabad), Selu (Parbhani), Bhaler (Nandurbar), Malegaon (Nashik) , Krishnur (Nanded) and Majalgaon (Beed). (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X