Raymond bullish on its Rs 1,400 cr investment plan in Maharashtra - Feedback

Textile major Raymond has reached an agreement with Maharashtra government for setting up textile manufacturing plant at an investment of Rs 1,400 crore in state’s Amravati district, its chairman and managing director Gautam Hari Singhania said today.

“We have reached an Memorandum of Understanding (MoU) with the Maharashtra government for setting up our integrated textile plant in the Amravati district of the state. The state government wants to develop a very large textile park in the district,” Singhania told reporters on the sidelines of the ongoing Make in India Week here today. He also said that his company has been manufacturing in India and Maharashtra in particular since 1925 as one of our factories is located in the Thane district of the state since that year.


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