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Welspun to invest Rs 2,000 cr in Gujarat

Sep 09, 2020
Welspun to invest Rs 2,000 cr in Gujarat

The Vedanta Group, Kiri Industries, the Welspun Group and the UNO Minda Group recently pledged investments worth Rs 4500 crore (in the metal sector), Rs 3,000 crore (in specialty chemicals), Rs 2,000 crore (in textiles) and Rs 1,000 crore (in engineering) respectively in Gujarat. The announcement came during a webinar on Gujarat Industrial Policy 2020 organised by the state government where industries pledged total investments worth Rs 10,500 crore.

State chief minister Vijay Rupani released a booklet containing the new industrial policy during the webinar that he had unveiled on August 7, according to media reports from the state.

The webinar was organised by the industries and mines department in partnership with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI).

BK Goenka, Chairman Welspun Group, Sunil Duggal, CEO Vedanta Group, and Anadi Sinha, President, UNO Minda Group were among the industrialists who participated in the event.