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Grasim, Arvind, United Phosphorous commit mega investments in Gujarat

In all, three MoUs worth Rs 10,400 crore signed with Gujarat govt

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BS Reporter Ahmedabad
Poll-bound Gujarat on Tuesday saw mega investments being committed with promises of job creation in the state by the likes of Grasim Industries, Arvind Limited and United Phosphorous Limited (UPL).

Grasim Industries Limited signed a memorandum of understanding (MoU) worth Rs 4,100 crore for setting up two man-made fibre plants at Vilayat GIDC and Kharach-Kosamba in Bharuch district. Arvind Limited signed one MoU worth Rs 300 crore for an apparel manufacturing facility at Dahegam that would produce 24 million garments per annum.

UPL has committed investment worth Rs 6,000 crore for an agro-chemical and intermediate facility in Dahej. As per its MoU,