Mr. Devendra Fadnavis, Maharashtra Chief Minister, has announced allocation of 500 acres of land to the Raymond Group for setting up a Rs. 1,500-crore textile unit in Vidarbha. The letter of allotment was recently given to Mr. Gautam Singhania, Raymond Group Chairman and Managing Director.
Mr. Fadnavis announced on the occasion that the new textile unit, to come up at Nandgaon Peth in Amravati district, will generate employment for 7,500 persons.
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 of Rs. 1,500 crores is expected.
Mr. Fadnavis said these units will employ about 5,200 people, and Shyam Indofab has already started production.
He also disclosed that the Government has decided to set up textile parks in the cotton belt of Vidarbha, besides in Marathwada and north Maharashtra, through the State Industrial Development Corporation (MIDC). Apart from Nandgaon Peth, textile parks will come up at Yavatmal, Chikhli (Buldana), Jamner (Jalgaon), Kannad (Aurangabad), Selu (Parbhani), Bhaler (Nandurbar), Malegaon (Nashik), Krishnur (Nanded) and Majalgaon (Beed).