Gujarat govt clears Rs 6k-crore investments 25th February 2021 | Source by https://timesofindia.indiatimes.com/city/ahmedabad/gujarat-govt-clears-rs-6k-cr-investments/articleshow/81160296.cms
GANDHINAGAR: In a positive beginning to 2021, the government has approved five big-ticket investment proposals by four companies, which will invest close to Rs 6,000 crore in diverse sectors. The companies will set up manufacturing facilities in Dholera and Halol.
The state industries and mines department has approved a proposal of ReNew Saksham Urja Private Limited (a 100% subsidiary of ReNew Power Private Limited), which has pledged an investment of over Rs 4,000 crore investment to set up a 2 to 4 GW solar module, cell manufacturing and lithium-ion battery production plant at Dholera. Government has approved 100-acre land allocation for the said project at Dholera Special Investment Region (DSIR).
Spate of approval
Baby diaper manufacturing brand Avgol’s proposal for setting up a Rs 1,000 crore new technical textile plant at Halol has also been approved. The company has proposed to manufacture technical textile products and hygiene products at their Gujarat plant. Leading furniture manufacturing company Merino’s proposal to establish a plant with an investment of Rs 630 crore at Halol has been approved. Merino has proposed setting up facilities for wood processing for particle board, pressing for particle board, pressing for pre-lam particles board, coating on pre-lam particle board, and cutting edging and drilling of furniture.
Another leading company Trafalgar’s Rs 250 crore investment proposal has also got the nod of the state government. The company has sought to produce state-of-the-art natural fibre-based industrial sacks, a substitute of plastic. The company has also proposed an investment of Rs 325 crore for manufacturing value added products for the automotive and glass industry.