Mumbai, Sep 23 (UNI) Maharashtra government has signed a Memorandum of Understanding (MoU) with Reiter Group of Switzerland to set up a state-of-the-art Rs 250 crore worth textile machinery plant at Pune.
The MoU was signed by Chief Secretary Johny Joseph and Reiter India Directors Peter Gnaegi and Michael Enderle yesterday, in presence of chief minister Vilasrao Deshmukh and Reiter Group Chief Executive Officer Hartmut Reuter, a release issued here said.
Speaking on the occasion, Mr Deshmukh said, ''Maharashtra has a long tradition of textile industry with Paithani sari, weaved from Pure silk and golf thread, having a tradition of about 2,000 years.
Aurangabad is world famous for Mashroo and Himroo shawls, while Empress Textile Mills, the first textile mill of India, was established in Mumbai.'' Chief Minister further said it is a matter of happiness that this project is being set up near Pune. Due to this project, with the latest textile machinery production, a unique fusion of the grand tradition and modernisation of industry can be seen, Mr Deshmukh Minister.
Reiter Company is looking up at India as main market and contemplating more and more productions here, for which latest technology will be used, the release said.
Earlier, Chief Minister visited the project of Reiter Machines at Winterthur and was impressed with the quality of the textile machinery.
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