MoU8 Dec 2025, 09:30 pm
VTM Ltd Signs MoU with Tamil Nadu Government to Invest Rs 50 Crores in Two Years
AI Summary
VTM Limited has signed a Memorandum of Understanding with the Government of Tamil Nadu to invest Rs 50 crores over a span of two years. The investment will be used for the manufacture of Cotton Grey Fabric and Home Textiles Products in Madurai and Virudhunagar Districts. This initiative aims to create approximately 40 direct jobs and 10 indirect jobs.
Key Highlights
- VTM Ltd to invest Rs 50 Crores in Tamil Nadu over two years
- Investment aimed at manufacturing Cotton Grey Fabric and Home Textiles Products
- Planned manufacturing units to be set up in Madurai and Virudhunagar Districts
- Expected to create around 40 direct jobs and 10 indirect jobs