Gencrest Bio Products plans to set up textile-grade fibre, bio-organic liquid, nutrias and enzyme and other products unit at Bhusawal Industrial area in Jalgaon district of Maharashtra.
The proposed project also comprises an R&D unit and would generate employment opportunities for around 500 persons.
In December 2020, Gencrest Bio Products signed a memorandum of understanding (MoU) with the state government for the project.
According to the updates available with Projects Today, the design and specification work on the project is in progress.