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25 Indian Punjab textile players to expand units in Bihar
03 Jul '18
1 min read
About 25 textile players from Punjab have decided to expand their units in Bihar and the state government has allocated 29 acres of land for that purpose, according to Rohit Lal, head of the Bihar unit of the Confederation of Indian Industry (CII), who recently facilitated a meeting of Bihar government officials with Ludhiana textile industrialists.
The industrialists, however, will not be closing their units in Punjab, clarified Narinder Chugh, a Ludhiana-based industrialist keen to expand in Bihar.
The 25 players will invest over ₹2,000 crore in the textile cluster in Dehri on Sone in Bihar and nearly 25,000 will be employed in these units, Indian media reports quoted Chugh as saying.
The Punjab industrialists have also asked the Bihar government to reduce power tariff from ₹5 per unit to ₹4 per unit. (DS)
Fibre2Fashion News Desk – India
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