Trident group-promoted Abhishek
Industries is setting up a textile unit at Budni in Sehore district in Madhya
Pradesh. The project will entail an investment of Rs.1,000 crore.
The unit will include a sheeting
fabric, terry towel and yarn unit. The company is in the process of acquiring
1,000 acres of land at Budni and is awaiting state government clearances for the
project.
Earlier, the company had plans to set
up the unit in a proposed textile park in Satlapur near Mandideep. But the area
is facing an acute water shortage and Budni site has sufficient water since it
is located near the Narmada river.
The project is expected to create
direct employment for more than 3,000 people.