Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 21 2018

Raymond Group to invest 425 crore in Maharashtra

According to the group the agreement is aimed to set up residential complex, commercial amenities, school project and sport complex in Nandgaon Peth, Amravati, the group said in a statement.

JK Investors (Bombay) Ltd led Raymond Group has sealed an investment deal worth Rs 425 crore with the government of Maharashtra.

According to the group the agreement is aimed to set up residential complex, commercial amenities, school project and sport complex in Nandgaon Peth, Amravati, the group said in a statement.

As per the MoU, all the formalities like permissions, registrations, approvals, clearances, fiscal incentives the state government will facilitate JK Investors (Bombay) were discussed during the Magnetic Maharashtra investors summit, The project would commence in FY 2018-19, it added.

The first MoU is for a proposed investment of Rs 50 crore to set up a School Project and Sport Complex, while the second one is of Rs 375 crore for setting up a residential complex and commercial amenities with 2,000 houses.

The Raymond Group recently inaugurated a new Greenfield Linen manufacturing facility in the newly created Textile Park in Nandgaon Peth, Amravati, under its subsidiary Raymond Luxury Cottons Ltd.

Comment
image
Related opportunities
  • Organic Products
    About Us: Established in 2015, Chai Chun, a division of the..
    Locations looking for expansion West bengal
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • Quick Service Restaurants
     About The London Shakes: The London Shakes are the re-inventors of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Others Food Service
    About Us: Diet Delite Pvt Ltd was established in 2016 by Dr.Paramesh..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Juices / Smoothies / Dairy parlors
    About Us: Established in the year 2017, SCOSSA, a venture of..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ambala Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities