Business Update31 Jan 2024, 11:23 pm
Deepak Nitrite to invest Rs 9000 crore in Gujarat
AI Summary
Deepak Nitrite Limited, a chemical company, has announced its plans to invest Rs 9,000 crore in Gujarat to manufacture various products, including polycarbonate resins and compounds, methyl methacrylate (MMA), and aniline. The investment is expected to create employment opportunities for 1,300 people and reduce India's import bill. The company has signed a Memorandum of Understanding with the Government of Gujarat for the same.,
Key Highlights
- Rs 9,000 crore investment in Gujarat
- 1,300 employment opportunities
- Reduction in India's import bill