Bombay Rayon to invest Rs 1100 cr to set up units, Maharashtra
14 Nov '07
1 min read
Bombay Rayon Fashions Ltd has informed that the Board of Directors of the Company at its meeting held on November 13, 2007, inter alia, has considered and approved the terms and conditions specified by the Government of Maharashtra while offering a specific package of incentives, for setting up the Yarn Dyeing, Weaving, Processing and Garmenting units in the State at different locations involving total Investment of Rs 1100 crores (approx).
The Board has approved the Memorandum of Understanding (MOU) and later the same has been signed between the Government of Maharashtra and the Company.