The MoU has been signed to promote infrastructure and industrial development in the state of Andhra Pradesh.
Goldenseam Industries Pvt Ltd has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Economic Development Board (APEDB) to collaboratively work for the establishment of an apparel manufacturing unit in the state. The MoU has been signed by Sanjeev Mukhija, Director of GoldenSeam Industries Pvt Ltd, and J Krishna Kishore, CEO of APEDB, in the presence of Satish Chandra, Principal Secretary to Andhra Pradesh Chief Minister.
Sanjeev said, "With No.1 ranking in the ease of doing business, availability of skilled workforce, and reliable infrastructure, there could not have been a better site than Andhra Pradesh for the proposed manufacturing unit."
The MoU has been signed to promote infrastructure and industrial development in the state of Andhra Pradesh. While Sanjeev brings Goldenseams’ expertise in investment, technology, planning, design, and equipment into setting up the Apparel Manufacturing Unit in the State of Andhra Pradesh, APEDB will provide the necessary assistance for Goldenseams’ entry into India Market.
The manufacturing project is expected to bring an investment of about 35-40 crores to Andhra Pradesh and anticipated to generate approximately 2000-2500 employment opportunities.
"We are grateful for the support of the Andhra Pradesh government in identifying the textile as one of the key manufacturing industries which can help the state realize its vision of becoming a leading global investment destination by 2050," Sanjeev added.