Kanpur-based Abhishek Corporation, a part of construction and textile player Mohite Group, has entered into a Memorandum of Understanding (MoU) with the Maharashtra government to set up a yarn dyed shirting fabric unit at an investment of Rs 217 crore.
The unit, which will come up at Tamgaon near Kolhapur, will employ 660 people and will produce about 8 million metres of yarn dyed processed fabric per annum, said a press release.
The MoU was signed by Anasaheb R Mohite, managing director, Abhishek Corporation with A M Khan, principal secretary, Industries department, in the presence of Ashok Chavan, chief minister.