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Jindal Group To Start A Textile Production Unit In Nashik For Rs. 1500 Crore

A technical textile unit that will be established in Nashik districk of North Maharashtra is being planned by Jindal Group.  This company will be preparing around Rs 1,500 –crore for the said facility. The group already secured a letter of intent for this project to the textile Minister Mohammed Arif Naseem Khan.

Jindal Steel / Group Logo

Jindal Steel

For now, Jindal is looking for a land that is about 100 acres for the facility. It will cater the production of technical textile that are commonly used in sports, security, medical purpose and fire fighting. These equipments are not mainly for fashion, but are used for their quality and functional properties.

There is now around Rs 5,000 investment proposal that the government had received ever since they have announced a new textile policy a couple of months ago. This just means that the country is looking good in the industry of textiles like these. It will definitely provide a lot of job opportunities for people looking for jobs.     

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