US based multinational Honeywell will set up a Rs 1200 crore textile plant in Butibori MIDC. It plans to produce Spectra – a specialised fibre used for defence, semi-defence and paramilitary purposes.
A delegation of the company led by Brian James Lasy had met chief minister Devendra Fadnavis in Mumbai and aksed him to provide speedy clearances for the plant. Fadnavis promised them all cooperation. Honeywell has already identified a 50 acre plot in Butibori.
Anbalagan, chief executive officer of MIDC said CM had earlier urged Honeywell to choose Butibori as power tariff in Vidarbha was lower compared to other parts of the state, MIDC estate had good road and rail connectivity. The officials agreed to his request.
This will be a high tech plant and will generate 300 direct jobs. “There will be a lot of indirect job creation too. It will also help Butibori emerge as a hub for textile production,” he said.
Honeywell already has units in Pune and Aurangabad. It is the master systems integrator for Delhi Mumbai Industrial Corridor (DMIC). Globally, the company is into aerospace, building technologies, performance materials and technologies and safety and productivity solutions.