Good news for Vidarbha as six companies to invest Rs 3,587 crore in Vidarbha of which an investment of Rs 1,000 crore will be made in Butibori said Maharashtra Energy Minister Nitin Raut.
Recently, 23 companies from different countries have signed MoUs worth about Rs 30,000 crore with the Maharashtra Government during the World Economic Forum in Davos.
Most companies are from Singapore, Indonesia, the United States of America and Japan account for more than 55% of the investments in various agreements.
The Vidarbha companies are Indorama, GR Krishna Ferro Alloys Pvt Ltd, Colourshine Industries, Goyal Proteins Ltd, Alpros Industries Pvt Ltd, Vishwaraj Environment Pvt Ltd. All these companies have indicated their readiness to set up projects at Butibori, Mul, Umred, Butibori Extension, and Chandrapur MIDCS.
Apart from this, the textile industry will also come up in the Textile Park of Amravati. The investing companies are in the sectors of textiles, steel, fuel ethanol, oil extraction.
With the new opportunity and new companies it will give direct employment to 4,834 people.
Indorama company will invest Rs 600 crore for the textile industry in Butibori, which will provide employment opportunities to 1500 youths. Similarly, Goyal Protein will set up an oil extraction unit in the extension area of Butibori, which will cost Rs 380 crore. In this unit 534 youths are expected to get employment.
Colorshine India will set up a steel industry by investing Rs 510 crore in Umred, in which 500 jobs will be created.
GR Krishna Ferro Alloys will set up a steel industry in Mul by spending Rs 740 crore, where 700 unemployed will get job opportunities.
Carnival Industries will set up a fuel ethanol industry by spending Rs 207 crore where 500 people will get employment here.
Alproj Industries will provide employment opportunities to 500 people by spending Rs 150 crore in Amravati Textiles Zone.
Apart from this, Vishwaraj Environment in Chandrapur will provide employment to 600 youths by investing Rs 1000 crore.
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