Deals23 Aug 2024, 05:15 pm
Maris Spinners Ltd. Receives Rs. 7,17,57,571 Credit Linked Capital Subsidy Sanction from Karnataka Government
AI Summary
Maris Spinners Ltd. has received a sanction order from the Government of Karnataka, sanctioning a credit linked capital subsidy of Rs. 7,17,57,571 for Unit 1. The sanction is subject to terms and conditions and the execution of necessary documents under the New Textile & Garment Policy 2019-24. The subsidy will be utilized for the Maris Spinners Ltd. Unit 1 at Kattemalalavadi, Hunsur, Mysore.
Key Highlights
- Maris Spinners Ltd. receives Rs. 7,17,57,571 credit linked capital subsidy sanction from the Government of Karnataka.
- The subsidy is for Unit 1 of Maris Spinners Ltd. located at Kattemalalavadi, Hunsur, Mysore.
- The sanction is subject to terms and conditions and the execution of necessary documents.
- The subsidy is granted under the New Textile & Garment Policy 2019-24.
- The subsidy will aid in the operations and development of Unit 1 of Maris Spinners Ltd.