Orbit Exports has acquired three adjoining industrial plots in Valsad, Gujarat, to set up a dyeing house.
The company has acquired the industrial plots admeasuring 18,960 sq mtr, including the building and structure thereon situated at Sarigam Notified Industrial Area, Sarigam, Umbergaon taluka in Valsad district.
Through the acquisition, the company is setting up a process/dyeing house which will help to add value to its existing product and make inroads into new product lines.
It will require an estimated capital expenditure of approximately Rs 44 crore, including the cost of industrial land and building acquired.
The initial phase of the set-up is expected to be completed within a span of nine months.