Mafatlal Industries to invest Rs. 200 cr more in Gujarat units.

Textile major Mafatlal Industries (MIL) has planned an additional investment of Rs. 200 crore in its Nadiad and Navsari units over the next three years.

Mafatlal Industries has already invested Rs. 100 crore in modernisation of the two plants in Gujarat. It has chalked out plans for an additional Rs. 200-crore investment in them in the next three years, MIL Chairman Hrishikesh A Mafatlal said in a release.

The move will improve quality, increase volumes and lead to a 20 per cent growth in the current annual turnover of Rs. 1,000 crore, he said.

MIL, which has a wide range of products, is a leading player in fiber dyed school uniforms. The textile firm recently launched its new premium linen range and bed and bath collection, the release added.

ET