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Textiles majors to inject about Rs 2,500cr in Madhya Pradesh
30 Jun '05
1 min read
Leading textiles players are likely to invest about Rs 2,500 crore in Madhya Pradesh state.
Pratibha Syntex Ltd has announced to set up a towel manufacturing unit at an investment of more than Rs 500 crore in the special economic zone (SEZ) in the Dhar district near Indore.
Mahavir Spinning Mills, a flagship company of Vardhman group has unleashed expansion plan of worth Rs 1100 crore in Raisen and Sehore districts. Pratibha Syntex, Maral Overseas and Nahar Spinning Mill also plan to invest in the state.
The State Cabinet had approved the offer of Vardhman group before couple of months. The group already owns entirely export oriented unit in Mandideep.
The group has already acquired 400 acres of land from the state government in Budhni. "We hope to start work by August 2005," Sharma said.
LNJ group's Maral Overseas Ltd's will set up manufacturing unit in SEZ.
Nahar Spinning Mill's also announced expansion plan of Rs 300 crore at the Mandideep facility.
Madhya Pradesh anticipates to join row of other leading textile producing states like Tamil Nadu, Gujarat and Rajasthan in spun yarn production.
Pratibha Syntex Ltd has announced to set up a towel manufacturing unit at an investment of more than Rs 500 crore in the special economic zone (SEZ) in the Dhar district near Indore.
Mahavir Spinning Mills, a flagship company of Vardhman group has unleashed expansion plan of worth Rs 1100 crore in Raisen and Sehore districts. Pratibha Syntex, Maral Overseas and Nahar Spinning Mill also plan to invest in the state.
The State Cabinet had approved the offer of Vardhman group before couple of months. The group already owns entirely export oriented unit in Mandideep.
The group has already acquired 400 acres of land from the state government in Budhni. "We hope to start work by August 2005," Sharma said.
LNJ group's Maral Overseas Ltd's will set up manufacturing unit in SEZ.
Nahar Spinning Mill's also announced expansion plan of Rs 300 crore at the Mandideep facility.
Madhya Pradesh anticipates to join row of other leading textile producing states like Tamil Nadu, Gujarat and Rajasthan in spun yarn production.
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