Aditya Birla Group’s textile arm Grasim Industries is planning to invest Rs 4,100 crore towards setting up two plants each at Vilayat GIDC and Kharach-Kosamba in Baruch district. In this regards, the company has signed memorandum of understanding (MoU) with the State Government, which had recently announced new Garments & Apparels Policy 2017 to boost employment in the garment sector in the State and encourage value-addition from textiles.
As per the MoU, Grasim will employ about 1,300 people directly and indirectly at the facilities which are likely to be commissioned in 2018 and 2020 respectively.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2718.25 |
| DCM Shriram | 1225.85 |
| 3M India | 31394.15 |
| Hindustan Foods | 509.15 |
| Balmer Lawrie & Co | 176.20 |
| View more.. | |
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