Joint Venture17 Apr 2025, 08:31 pm
Sonalis Consumer Products Ltd Signs MoU with Government of Maharashtra for Rs. 100 Crore Investment
AI Summary
Sonalis Consumer Products Limited has signed a Memorandum of Understanding with the Government of Maharashtra on April 16, 2025. The company plans to invest approximately Rs. 100.00 Crore in setting up a business of agriculture, warehouse, cold storage, and processing for manufacturing of agriculture products in the state of Maharashtra. The Government of Maharashtra will facilitate the company to obtain necessary permissions, registrations, approvals, clearances, and fiscal incentives from the concerned departments of the State.
Key Highlights
- Sonalis Consumer Products Ltd has signed an MoU with the Government of Maharashtra for a Rs. 100 Crore investment.
- The investment will be used to set up a business of agriculture, warehouse, cold storage, and processing for manufacturing of agriculture products.
- The Government of Maharashtra will facilitate necessary permissions, registrations, approvals, clearances, and fiscal incentives.
- The project is expected to create direct and indirect employment opportunities.
- The MoU was signed during the Gov Summit 2025.