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Ganesha Ecosphere achieves financial closure, land acquisition underway

Friday, 14 Sep 2018
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The leading recycling company, Ganesha Ecosphere, plans to set up a recycled polyester staple fibre manufacturing unit in Andhra Pradesh. The new project will create employment opportunity for around 1,000 persons.

In February 2018, the promoter had signed a memorandum of understanding (MoU) with the state government during CII Partnership Summit 2018.

The information gathered by Projects Today revealed that financial closure has been successfully achieved. The process of acquisition of land is currently underway.

The actual work on the project was expected to commence by January 2019.

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