Welspun group plans to invest Rs 2,000 cr in Gujarat
The Vedanta Group, Kiri Industries, the Welspun Group and the UNO Minda Group recently pledged investments worth Rs 4500 crore (in the metal sector), Rs 3,000 crore (in specialty chemicals), Rs 2,000 crore (in textiles) and Rs 1,000 crore (in engineering) respectively in Gujarat. The announcement was made in a webinar on Gujarat Industrial Policy 2020 organised by the state government where industries pledged total investments worth Rs 10,500 crore.
State chief minister Shri Vijay Rupani released a booklet containing the new industrial policy during the webinar, according to reports. The webinar was organised by the industries and mines department in collaboration with the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) .
In line with the ‘Make in India’ and ‘Aatmanirbhar Bharat’, these initiatives are intended to turn Gujarat into a self-reliant state and pave way for economy recovery amid the slowdown caused by the coronavirus pandemic.
BK Goenka, Chairman Welspun Group, Sunil Duggal, CEO Vedanta Group, and Anadi Sinha, President, UNO Minda Group were among the top industrialists who were part of the webinar.