SIMA's 1200 Cr investemnt at Nadiupet
Hyderabad;The Southern India Mills' Association (SIMA) may commence construction work at the Naidupet Textile Park project site in the next two months, said Dr K. Selvaraju, Secretary-General of SIMA here on April 23.Mr. Selvaraju told that the units are likely to start functioning by the year-end.SIMA 'll envisage total investments to the tune of Rs 1,200 crore from seven to eight leading textile manufacturers such as Loyal Textiles and Ramakrishna Mills from Coimbatore.Govt. has provided 500 acres land at Menkuru in Nellore district for the park and there will be house spinning, weaving, knitting and garments units. They expect that marking (of 500 acres) will be completed in a month paving the way for the development of the site he added.The park will create about 15,000 jobs for industrially- backward people of Nellore. The state govt. will prodvide water supply to the park.
