Feris Spintex is setting up a cotton yarn unit at Panchasiya, in Rajkot district of Gujarat.
A spokesperson for the company divulged to ProjectsToday (PT) that it intends to set up a cotton yarn unit with a capacity of 20,000 spindles in Gujarat, spread over five acre.
The project entails an investment of Rs 50 crore.
At present, around 50 per cent of the civil work has already been completed and the remaining is expected to be finished by September, 2014.
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