
Deals23 Aug 2024, 10:57 pm
Tripura Govt Awards Rs. 3,000 Crore Textile Contract to Manomay Tex India and Vardhman Textiles Joint Venture
AI Summary
The Tripura government has awarded a Rs. 3,000 crore contract to a joint venture between Manomay Tex India and Vardhman Textiles. The contract aims to establish a large-scale textile production hub in the state, signaling a major step toward industrial development and economic growth in the region. The partnership between Manomay Tex India and Vardhman Textiles is expected to bring advanced technology, expertise, and scale to the region’s growing textile industry. The project is designed to create around 25,000 direct and indirect jobs, providing a much-needed employment boost for the state’s workforce.
Key Highlights
- Tripura government awards Rs. 3,000 crore textile contract to Manomay Tex India and Vardhman Textiles Joint Venture.
- The project aims to establish a large-scale textile production hub in Tripura.
- The partnership is expected to bring advanced technology, expertise, and scale to the region’s textile industry.
- The project is designed to create around 25,000 direct and indirect jobs.
- The contract is a major step toward industrial development and economic growth in Tripura.