Sterlite, Coke, Raymond commit over Rs 21,400 cr in Maha

Mumbai, Feb 13: Maharashtra, which is hosting the maiden Make in India Week that started here today, signed agreements of over Rs 21,400 crore with various companies, including Sterlite and Coca-Cola.

Sterlite group company TwinStar Display Technologies and Maharashtra Industrial Development Corporation (MIDC) signed a deal to set up an LCD manufacturing unit known as Panel FAB, with technical collaboration with Autron of Taiwan, an official statement said. It entails an investment of Rs 20,000 crore and the location of the plant will be decided soon.

Hindustan Coca Cola Beverages, Jain Irrigation and the agriculture marketing department of Maharashtra signed a pact to establish a juice manufacturing facility to support orange farmers in the Vidarbha region.

It's expected to benefit 5,000 farmers with an average landholding of two acres each, the statement said, without specifying the quantum of investment by the American cola giant. An MoU between Raymond Industries and MIDC was also inked as part of the 'Farm to Fabric' initiative.

Raymond intends to invest Rs 1,400 crore in manufacturing linen yarn, fabric and garments. The unit will be set up at the Nandgaon Textile Park in Amravati district. It will procure cotton from farmers in the district and elsewhere in the Vidarbha region, which has been in news because of farmer suicides.

PTI