The establishment of eight new “Smart GIDC” industrial estates across South Gujarat have been planned—two in Surat, three in Bharuch, one each in Valsad, Tapi, and Navsari—covering a total area of 5,380 acres.
Manufacturing News
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The company is advancing a Rs 300 crore (US $31.61 million) textile-to-textile recycling project (26,750 TPA) through its subsidiary ECOSIS Ltd and a Rs 235 crore (US $24.76 million) Polyester Filament Yarn expansion project (~55,000 TPA).
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With its strategic location, plug-and-play facilities, and integrated ecosystem, the KMTP is set to become a major driver of textile manufacturing and employment in the state.
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Volatile crude prices amid geopolitical tensions are likely to keep margins under pressure and constrain output.
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Manufacturing
Bihar Clears US $15.8 Million Industrial Projects; Includes Muzaffarpur Garment Manufacturing Unit
The decision was taken at a meeting of the Project Approval Committee of the Bihar Industrial Area Development Authority (BIADA) under the state’s Industry Department.
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Established on a 40-acre site the company is expected to produce 20 million garments a year for global markets and create 10,000 jobs, with women expected to make up 80% of the workforce.
