Industrial explosives manufacturer Solar Industries India has signed a pact with the Maharashtra government to set up a facility in Nagpur with an investment of Rs 1,550 crore to manufacture ammunition for Armed Forces.

The memorandum of understanding (MoU) was formalised by the company through its 100-per cent subsidiary Economic Explosives during the ongoing Make in India week here. The project will come up in Nagpur, a relatively industry-deficit area of the Vidarbha region, and will generate more than 700 direct jobs. “This association will go a long way in addressing the hollowness of ammunition being faced by the Indian Armed Forces,” Chairman Satyanarayan Nuwal said.

http://www.business-standard.com/article/pti-stories/solar-industries-signs-mou-with-maha-to-set-up-nagpur-plant-116021700377_1.html

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