Business

Small firms to invest Rs. 84 crore in Bhiwandi

more-in

They will set up plants at Bhumi World Industrial Park on Mumbai-Nashik highway

Small and medium enterprises will invest more than Rs.84 crore in the upcoming industrial hub of Bhiwandi in Maharashtra with about 25 such firms signing a pact with the State government during the just concluded Make in India Week in Mumbai, an official said.

The companies will set up facilities at Bhumi World Industrial Park at Bhiwandi on the Mumbai-Nashik highway. The park which is dotted with warehouses, logistic parks, industrial sheds, and industrial parks due to its close proximity to Mumbai. The committed investment range is as low as Rs.1 crore to Rs.8 crore over the next two years.

Some of the large investments have been committed by Repro Knowledge Rs.8 crore; MT Printers Rs.8 crore; Toppler Rs.7.3 crore; Ashok Punch Arts Rs.6 crore; Lara Machines Rs.4.9 crore; Nirman Corp Rs.4.9 crore; SNS Printer Rs.3.7 crore; NK Filter Rs.3.5 crore; Plextrusion Rs.3.2 crore; Colour Curve Rs.3 crore, Nixon Industries Rs.3 crore and Devjyoti Buildcon Rs.3 crore.

Commenting on importance of the MoUs, Prakash Patel, Chairman & Managing Director, Bhumi World Industrial Park said, “The MoUs indicate that Bhiwandi is gearing up to become one of country’s most sought after manufacturing hubs.”

“The MoUs fit very well in uplifting the cause of Bhiwandi’s growth. This will promote manufacturing at a macro level,” he said. “Bhiwandi is growing as a commercial and manufacturing hub as it offers world-class infrastructure, round the clock power supply, good connectivity via road and railway transportation and subsidised industrial zones,” Mr. Patel said.



Please Wait while comments are loading...
This article is closed for comments.
Please Email the Editor

Printable version | Jan 19, 2017 5:45:06 PM | http://www.thehindu.com/business/small-firms-to-invest-rs-84-crore-in-bhiwandi/article8258180.ece