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Maharashtra govt gives nod to Raymond Group for setting up textile unit

Related Keywords: at Nandgaon Peth in Amravati district, Chief Minister Devendra Fadnavis, generate employment opportunity, get nod from Maharashtra government, MIDC area, offer letter allocation land, Raymond group, set up state of the art textile unit, share of Raymond jumped up, upcoming textile unit

Maharashtra Chief Minister Devendra Fadnavis on Monday handed over an "offer letter" allocating 500 acres of land in Maharashtra Industries Development Corporation (MIDC) area to Raymond Group for setting up a Rs 1,500-crore state-of-the-art textile unit in Vidarbha. The letter was given to Raymond Group Chairman and Managing Director Gautam Singhania in the CMO in Vidhan Bhawan where the winter session of the state legislature is underway.

Raymond plans to set up manufacturing unit in Ethiopia

Related Keywords: at Awasa in Ethiopia, cotton blended jackets, export to Europe and Japan, favourable duty structure and local incentives, leading integrated producers of suiting fabric in the world, manufacturing capacity of two million per annum, plan to set up manufacturing unit, Raymond group, woolen blended

Raymond Group is one of India's largest branded fabric and fashion retailers. It is also one of the leading, integrated producers of suiting fabric in the world plans to set new manufacturing unit at Awasa in Ethiopia at a total investment of $100 million. The unit will have a 2 million per annum capacity to manufacture and export woolen-blended, cotton blended jackets.

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