Mahima Purespun plans to set up a cotton yarn unit at Bheelgaon Village in West Nimar district of Madhya Pradesh.
An official from the company told ProjectsToday (PT) that it intended to establish a cotton yarn unit with a capacity of 50,000 spindles in Madhya Pradesh. Mahima Purespun has already acquired 94 acre of land.
The project entails an investment of Rs 150 crore. It will be funded through bank loan and internal accruals.
Civil work on the project is expected to commence soon and is scheduled for completion by February 2015.
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