The Vardhman Group will invest Rs.560 crore in Himachal Pradesh’s Baddi town in weaving and fabric units which will be operational by June 2016, an official said in Shimla recently.
The first phase of the project would start from February 2015 and would be completed by June 2016, the group’s joint managing director, Mr. Sachit Jain, who came to Shimla to meet state industries minister, Mr. Mukesh Agnihotri, said.
Mr. Jain told the minister that the company has already invested over Rs.2,000 crore in the state and is providing employment to over 8,000 people.
A statement quoting Mr. Agnihotri said the state would provide all possible help to the entrepreneurs interested in investing in the state.
The state government already held investors’ meets at Mumbai, Bangalore and Ahmedabad this month, which have shown good results. The second phase of such meet would be held in New Delhi and Ludhiana soon, he added.
