Sutlej Textiles And Industries Limited Inaugurates 2nd Unit In Baddi, HP

0
662

CM inaugurates 2nd unit of Sutlej Textiles and Industries Limited

Himachal Pradesh Chief Minister Jai Ram Thakur inaugurated the second unit of Sutlej Textiles and Industries Limited at Baddi in Doon Assembly Constituency of Solan district. Sutlej Textiles and Industries invested around Rs 239 crore in this second unit, which is expected to provide employment to 600 people.

While addressing the people on the occasion, the Chief Minister congratulated Sutlej Textiles and Industries for setting up of second unit in Himachal Pradesh. He said that the state government was committed to make Himachal Pradesh the best investor’s destination in the country. He said that due to the continuous efforts of the state government, Himachal has attained 7th rank in Ease of Doing Business in the country today.

Also Read  New Report Stresses Urgent Need For Textile Circularity

Industries, Transport, Labour and Employment Minister Bikram Singh said that the clean and safe environment of Himachal Pradesh makes it suitable for investment. He said that the state government is making continuous efforts to provide better facilities to the investors. He urged the entrepreneurs to invest more in Himachal Pradesh.

Also Read  China-Owned Xihe Textile To Invest US$ 12.89 Mln In Mongla EPZ

Executive Chairman of Sutlej Textiles and Industries Limited Chandrashekhar Nopani welcomed the Chief Minister and detailed about the activities of the group. He said that the second unit of the group would produce 120 metric tonnes of polyester. He said that about 3200 persons were provided employment in both the units established at Baddi.

Also Read  Israel Looks To Increase Trade With Morocco To US$ 500 Million

Group CEO Updeep Singh presented the vote of thanks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.