In order to give boost to Vidarbha's textile industry, Maharashtra government has signed a pact with Raymond for setting up a Rs 1500 crore plant at Nandgaonpeth in Amravati. Maharashtra government has handed over an offer letter allocating 500 acres of land to Raymond Group for setting up a textile unit in Vidarbha. The textile unit is expected to generate employment opportunity for about 7,500 people.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world, with a capacity of producing 38 million meters of wool & wool-blended fabrics.