Aditya Birla Group company Grasim Industries is setting up a plant in Turkey for producing VSF, a raw material used for making apparels and home textiles.
The company is likley to invest $ 500 million (approx Rs 2,764 crore) by 2017 for 180,000 tonne per annum greenfield plant in Turkey. It will set up the facility which will come up in two phases along with a captive power plant and a Sulphuric Acid plant. A detailed study and obtaining the requisite approvals to get this project going, are underway.