Raymond to establish textile unit in Amravati

In an attempt to develop the backward regions of Maharashtra, the state government has roped in Raymond Group, India’s largest branded fabric and fashion retailers, to establish a textile unit in Amravati and create 10,000 jobs. Raymond will be establishing its mega unit in Nandgaonpeth, Amravati district to start with. Chief Minister Devendra Fadnavis and Raymond Management will soon be signing an agreement during the winter session at Amravati.

The Raymond group has assured an investment of Rs 2,500 crores which will create jobs for 10,000 people. Maharashtra Industrial Development Corporation (MIDC) has allocated 300 acres of land for this mega industry as it is currently promoting industrialisation in the backward Vidarbha region. The government is implementing its decision of fiber to fabric to promote industries based on fabric in the suicide hit Amravati division. This is one of the 12 districts in Maharashtra which currently receives funds from the Backward Regions Grant Fund Programme (BRGF). However, it can be made into a richer district since Amravati produces highest cotton and is ideal for textile industries to set-up their units. Enough water is available for these units from Upper Wardha dam and the problem of electricity is also solved.

Meanwhile Siyaram Mills will start production from April 2016 and this unit will create 1,200 jobs in first phase itself. The Maharashtra government has sanctioned eight textile units in Amravati and proposal for 15 new units are in the pipeline.