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Bombay Rayon unveils Mega Investment Plan in Maharashtra
MUMBAI, 13th November 2007:
- Major expansion in Yarn dyeing, Weaving, Processing and Garment capacities. Adding Fabric processing capacity of 5 lac meters per day and garment capacity of 1,00,000 garments per day.
- Investment of Rs. 1,100 Crores.
- Creating direct employment of about 32,000 people.
Bombay Rayon Fashions Limited (BRFL) signed a Memorandum of Understanding (MOU) today with the Government of Maharashtra towards expanding its fabric and garment making capacities by setting up new facilities at Tarapur, Islampur, Ichalkaranji and other lesser developed areas of Maharashtra like Latur, Nanded & Osmanabad.
Presently BRFL has Fabric processing capacity of 1,50,000 meters per day and garment capacity of 1,00,000 garments per day in the State of Karnataka. However, BRFL has chosen to undertake major expansion in its capacities by setting up Greenfield Units for Yarn Dyeing, Weaving, Processing and garmenting in the State of Maharashtra.
BRFL is presently employing more than 30,000 people in its various units spread over Mumbai & Bangalore. With the addition of these capacities potential direct employment generation would be exceeding an additional 32,000 people.
The MOU was signed by Mr. V.K.Jairath, Principal Secretary, Department of Industries, Government of Maharashtra (GoM) and Mr. Prashant Agarwal- Managing Director , Bombay Rayon Fashions Limited in the presence of Mr. Vilasrao Deshmukh, Hon’ble Chief Minister of Maharashtra, Mr. Ashok Chavan, Hon’ble Minister of Industries, GoM, Mr. Jayantrao Patil, Hon’ble Minister of Finance , GoM, Mr. Johny Joseph, Chief Secretary , GoM , Mr. Aman Agarwal – Vice Chairman BRFL, Mr. Naseer Ahmed – Jt. Vice Chairman BRFL and Mr. Uday Mogre – Executive Director BRFL.
Speaking on this occasion the Chief Minister Mr. Vilasrao Deshmukh said “BRFL is a fast growing company and has grown to its present level of turnover of Rs. 1000 crores p.a. especially posting phenomenal growth in the last three years. I am happy to note that BRFL has decided to establish fabric & garment manufacturing units in the lesser developed areas of Maharashtra, thereby creating major employment opportunity for the local people”
Minister of Industries, GoM Mr. Ashok Chavan said, “State of Maharashtra have been in the fore front in attracting investment and providing all the infrastructure for setting up industries. The proposed investment by BRFL proves that Maharashtra enjoys the confidence of entrepreneurs.
Mr. Jayantrao Patil, Hon’ble Minister of Finance, GoM, said “I have had the occasion of visiting BRFL units in Bangalore and I was extremely impressed with the facilities set up by BRFL in the State of Karnataka. Since BRFL started its operation in and around Maharashtra, it was my objective to bring BRFL back to Maharashtra and facilitate setting up of their major expansion plans in the State of Maharashtra”.
Mr. Prashant Agarwal, Managing Director of Bombay Rayon Fashions Limited said “our decision to invest in the State of Maharashtra was owing to the tremendous support and comfort offered by Government of Maharashtra. We are also very grateful to Government of Maharashtra for promising all necessary help and assistance in speedy implementation of this Project”.
Mr. V. K. Jairath, Principal Secretary, Department of Industries, GoM, while welcoming the guests assured BRFL, of all assistance and help in setting up this project and reiterated full support of its agencies like MIDC for providing excellent infrastructure and Single Window Clearance for this Project.