Vardhman to set up two major units in Himachal

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SME Times News Bureau | 26 Jun, 2014
Textile major Vardhman Textiles Ltd Wednesday got approval to set up two major units in Himachal Pradesh, an official said in Shimla.

Auro Textiles and Mahavir Spining Mills, both subsidiaries of Vardhman Textiles, were given permission by the single window clearance and monitoring authority at its meeting, a government spokesperson told IANS.

Chief Minister Virbhadra Singh presided over the meeting.

Auro Textiles has proposed to invest Rs.22,858 lakh with employment potential of 392 people, while Mahavir Spining Mills proposed to invest Rs.33,028 lakh with employment potential of 860 people.

The spokesperson said the single window clearance and monitoring authority approved total industrial proposals worth Rs.56,139.40 lakh.

North India Distillers and Bottlers, Madhav Agro Products Private Ltd and Aromatrix Flora Private Ltd and those companies whose new units were approved along with Vardhman.