Raymond, textile major has signed Memorandum of Understanding with Maharashtra government for setting up integrated textile manufacturing plant an investment of Rs 1,400 crore in state’s Amravati district, chairman and managing director Gautam Hari Singhania told reporters on the sidelines of the ongoing Make in India Week held in Mumbai today.
Singhania said that the state government wants to develop a very large textile park in the district. And he was happy that the state government has moved in approving the project for which they has taken 500 acres of land in Amravati to set up textile manufacturing facilities.
He also said that his company, Raymond has been manufacturing in India and Maharashtra in particular since 1925 has one of their factories located in the Thane district of the state.
After Raymond announcing its investment , four more textile parks are likely to come up within the state. The state Chief Minister Devendra Fadnavis, wants to develop the textile parks in Amravati as his dream project.
The state government is doing its best to promote industry within Maharashtra .
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…