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Home / News / ₹1,000 crore new technical textile plant gets green signal
₹1,000 crore new technical textile plant gets green signal
The government of the Indian state of Gujarat recently approved five big investment proposals by four firms, which will invest close to ₹6,000 crore in diverse sectors. The companies will set up manufacturing facilities in Dholera and Halol. Baby diaper manufacturing brand Avgol’s proposal for setting up a ₹1,000 crore new technical textile plant at Halol has also been approved.
Avgol has proposed to manufacture technical textile products and hygiene products at its Gujarat plant.
Leading furniture manufacturing company Merino’s proposal to establish a plant with an investment of ₹630 crore at Halol has been approved. Merino has proposed setting up facilities for wood processing for particle board, pressing for particle board, pressing for pre-lam particles board, coating on pre-lam particle board, and cutting edging and drilling of furniture.
Another leading company Trafalgar’s ₹250-crore investment proposal has also got the nod of the state government. The company has sought to produce state-of-the-art natural fibre-based industrial sacks, a substitute of plastic.
The company has also proposed an investment of ₹-325 crore for manufacturing value-added products for the automotive and glass industry, according to a report in a leading English-language daily.
Fibre2Fashion News Desk (DS)
The Indian state of Gujarat recently approved 5 big investment proposals by 4 firms, which will invest close to ₹6,000 crore in diverse sectors. The companies will set up manufacturing facilities in Dholera and Halol. This includes baby diaper manufacturing brand Avgol's proposal for setting up a ₹1,000 crore new technical textile plant at Halol.