In line with the aggressive promotion and focus of the Central and State Government on the Textile Sector, Rai Saheb Reckhchand Mohota Spinning & Weaving Mills is intended to setup a fully integrated textile mill as a Greenfield project with the latest state of the art machines for manufacturing high value yarn, fabrics including denim fabrics with expansion and modernization of existing units. In this regard, the expansion related to Textile Sector has been initiated and civil work has started and expected to be completed before April 2018, as scheduled.
To make the project successful in short time, promoters have infused their own funds so that construction work can be started. Moreover, the company will avail the Foreign Direct Investment (FDI) under the automatic route. The FDI fund from Singapore will start flowing in a week’s time.
