Raymond Group gets Maha nod to set up textile unit in Vidarbha

Maharashtra Chief Minister Devendra Fadnavis today handed over an "offer letter" allocating 500 acres of land to Raymond Group for setting up a Rs 1,500-crore 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.
The textile unit will come up at Nandgaon Peth in Amravati district on 500 acres (200 hectares), the CM told the House.
Singhania, accompanied by a team of company officials, was present in the Visitor's Gallery when the CM made the announcement.

When Fadnavis drew attention of House about the head honcho's presence in the gallery the members greeted him with thumping of desks which Singhania acknowledged with folded hands.
The upcoming unit will generate about 7500 employment opportunities, the CM added.

Similarly, the state government has allocated 102 hectares of land collectively to Shyam Indofab Ltd, VHM Industries, Suryalaxmi Cotton Mills and Siyaram Silk Mill where a total investment to the tune of Rs 1500 crore is expected.
"These units will employ about 5200 people," Fadnavis said, adding that Shyam Indofab has already started production.
The CM said the government has decided to set up textile parks in the cotton belt of Vidarbha, besides in Marathwada and north Maharashtra through state Industrial Development Corporation (MIDC).

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Meanwhile, state Agriculture Minister Eknath Khadse, while announcing details of the textile policy in Maharashtra Legislative Council today said Raymond Group was handed over letter of intent to set up the textile park in 200 hectares of land at Nandgaonpeth in Amravati district.
The Raymond Group project is expected to create jobs for 7,500 youths in the backward region, he said.
"Textiles companies have been allotted 102 hectares at industrial parks in the state. The textile policy is aimed at providing good price for cotton crop and with end use industry coming-up in same region the farmers stands to benefit immensely in days to come," he added.

Khadse further said that the textile policy was finalised on December 17 and through it was decided to promote textile industry in Nandgaonpeth, Yavatmal, Chikhli, Jamner, Khushnoor, Kannad, Selu, Bhaler, Malegaon, Krishnur and at Malegaon in Nashik district.
"So far, the state government has entered into agreement with VHM industries, Suryalakshmi Cotton Ltd, Siyaram Silk Mill besides Shyam and Raymond Group," he added.