The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Gujarat

Gujarat government signs 4 more MoUs for Rs.1,000 crore investment

by TLAteam August 30, 2023August 30, 2023
written by TLAteam August 30, 2023August 30, 2023
Gujarat government signs 4 more MoUs for Rs.1,000 crore investment

The Gujarat government signs Four Memorandums of Understanding(MoUs) for investments were signed in various sectors, including textiles, industrial parks, and sustainable environmental projects for the packaging industry. These agreements holds the potential for a capital investment of Rs. 1,000 crore and the creation of more than 10,000 employment opportunities in Gujarat.

Business News

As per this MoU, LBTex Pvt. Ltd. will be investing Rs. 450 crore in a textile unit at Kerala GIDC of Ahmedabad, which will lead to the creation of approximately 1,000 jobs. This unit is expected to become operational by January 2024.

Additionally, an MoU worth Rs. 288.75 crore was signed by Mascot South Asia LLP for establishing an industrial park across 155 hectares in the Manpura area of Mandal taluka. This park is projected to provide employment to around two thousand individuals and is planned to be operational by March 2026.

Furthermore, for the development of infrastructure in an industrial park spanning an area of 3.34 lakh square metres at Vesma and Kalakachha in Jalalpore taluka of Navsari, MoUs worth Rs. 99.12 crore have been signed. This initiative is anticipated to generate approximately 6,000 employment opportunities through the availability of 209 plots. It is slated to be operational by March 2025.

The fourth MoU is for a proposed joint venture project of Pacem Umashree Pvt. Ltd. and a Brazilian company for the recycling of PET bottles. The project aims to manufacture FIBC jumbo bags and entails an investment of Rs. 161.78 crore.

This sustainable environmental project, will come up across 54,000 square metres of land along Dholka-Bagodara Road at Gangad, in Ahmedabad district. It aims to become operational in October 2024. It will directly and indirectly provide employment to 1,100 individuals. The project, known as Jumbo Bags PET, focuses on recycling PET bottles for the production of FIBC bags.

0 comment
previous post
Man lost 12,000 US dollars after luggage check-in at Ahmedabad airport
next post
Surat man arrested for posing as Isro scientist involved in Chandrayaan-3 mission

You may also like

Gujarat Climbers Spread ‘No Drugs’ Message

June 30, 2025

Ahmedabad to Somnath in Just 4 Hours! Gujarat’s...

June 30, 2025

Gujarat: Rains Bring Temperature Down by Over 8°C;...

June 30, 2025

Het Joshi, Enrolled via Shala Praveshotsav, Becomes Doctor

June 29, 2025

Gujarat to Launch All-Women Drone Squad Under SHE...

June 29, 2025

Heavy Rainfall Floods Low-Lying Areas in Surat; Relief...

June 28, 2025

Gujarat HC Virtual Hearing Shocker: Man Joins from...

June 27, 2025

Smart Study on a Student Budget: Free and...

June 27, 2025

Ahmedabad Jagannath Rath Yatra 2025: Lord Sets Out...

June 27, 2025

Sitharaman reviews GIFT IFSC’s progress, interacts with market...

June 27, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Gujarat Climbers Spread ‘No Drugs’ Message

    June 30, 2025
  • Ahmedabad to Somnath in Just 4 Hours! Gujarat’s Mega Expressway Projects to Transform Connectivity

    June 30, 2025
  • Gujarat: Rains Bring Temperature Down by Over 8°C; Orange Alert Till July 5

    June 30, 2025
  • Het Joshi, Enrolled via Shala Praveshotsav, Becomes Doctor

    June 29, 2025
  • Gujarat to Launch All-Women Drone Squad Under SHE Team

    June 29, 2025
August 2023
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jul Sep »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.