Industrial explosives and initiation systems manufacturer and exporter, Solar Industries India Limited (SIIL), has been allotted about 223 acres of land in the Hingna MIDC (Maharashtra Industrial Development Corporation) area for its expansion.
The decision was finalized during a meeting held at the Chief Minister’s official residence in Mumbai under the chairmanship of CM Devendra Fadnavis. Deputy Chief Minister Ajit Pawar and Industry Minister Uday Samant were also present.
According to the agreement, a mega project will be established by Solar Industries and Economic Explosives under the “Anchor Mega Investment Project,” which involves an investment of ₹12,780 crore and will generate nearly 6,825 employment opportunities.
Similarly, an additional investment of ₹660 crore has been proposed for environmental protection and sustainable development, leading to the creation of about 875 more jobs. The land allocation will provide the company with a new pace to carry forward its investment and development projects in the region.
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