Rajasthan Govt signs MoU worth 4000 crore in textile, defence, aviation sectors

Video Credit: ANI
Published on September 4, 2020 - Duration: 01:15s

Rajasthan Govt signs MoU worth 4000 crore in textile, defence, aviation sectors

Rajasthan would soon host several development projects in textile, defence and aviation sectors.

For this, the Rajasthan Government has entered into an understanding with SVP International Group for investment of Rs.

4,000 crore for development of facilities related to these sectors.

In presence of Chief Minister Ashok Gehlot, an MoU was signed.

As per the agreement, SVP Group would develop a project for defence and aerospace including aircraft maintenance, repair and overhaul (MRO) facilities, an aviation academy and another project related to textile.

These projects would generate employment for more than 4000 people.

Prior to this, representatives gave a presentation and shared the details of projects proposed by the company.

For time-bound implementation of these investment projects, the state government has constituted a committee chaired by Principal Secretary Industries.

Commissioner, Investment and NRIs will be the Member Secretary, Managing Director RIICO, concerned District Collectors, Director Civil Aviation and representatives of SVP group will also be the members of this committee.

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