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Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh to expand its textile operations, creating scope for 3,000 work opportunities.
The vertically integrated textiles firm currently has operations involving sourcing cotton to produce finished goods in the state.
It has already made an investment of Rs 5,000 crore in the state, currently exports finished products to 122 countries.
The new investment will raise employment at Trident from 12,000 to over 15,000.
"We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing finished goods. The state is an ideal confluence of sustainability, inclusive growth and green energy, with immense potential for solar and wind energy development," Chairman Rajinder Gupta said.
"Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising" he said this at the Madhya Pradesh Regional Industry Conclave.
The Group is focused on skill development and women empowerment, with 50 percent of new employment opportunities reserved for women.
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