The Gujarat government on Monday signed 18 memoranda of understanding (MoU) worth Rs 9,852 crore under the state government's 'Aatmanirbhar Gujarat Schemes for Assistance to Industries', which was announced last year to boost new investment, an official release said.
Through these 18 agreements, various firms have pledged to invest Rs 9,852 crore in different parts of the state, which would generate 10,851 employment opportunities.
These MoUs were signed in the presence of Gujarat Chief Minister Bhupendra Patel on Monday.
Companies engaged in the business of chemicals and agrochemicals production, pharmaceuticals, equipment and electric rickshaws had signed MoUs with the state government, said the release.
Some of the major investments which were promised through MoUs today include a yarn and PET chips plant in Palsana taluka of Surat by Garden Silk Mills, said the release, adding that the facility will provide employment to 1,450 persons.
Other major investments include a plant by Asian Paints in Dahej in the Bharuch district and another by Mankind Life Sciences Private Limited in Vadodara. The majority of these plants would become operational by 2025.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app