Rajasthan would soon host several development projects in textile, defence and aviation sectors as the state government yesterday signed a memorandum of understanding (MoU) with the Shri Vallabh Pittie (SVP) International Group for an investment of ₹4,000 crore for development of facilities in these sectors. The MoU was signed at the residence of chief minister Ashok Gehlot.
As per the agreement, the SVP Group will develop a project for defence and aerospace, including aircraft maintenance, repair and overhaul facilities, an aviation academy and a textile project, all of which are expected to generate employment for more than 4,000, according to state government press release.Rajasthan would host several development projects in textile, defence and aviation sectors as the state government yesterday signed a memorandum of understanding with the Shri Vallabh Pittie International Group for an investment of ₹4,000 crore for development of facilities in these sectors. The MoU was signed at the residence of chief minister Ashok Gehlot.#
Prior to that, the chief minister chaired a meeting in which SVP Group representatives shared details of projects proposed by the company.
For time-bound implementation of theses investment projects, the state government has constituted a committee chaired by the principal secretary, industries.
Fibre2Fashion News Desk (DS)
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
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