Indonesian group to venture at Himachal Pradesh
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Recently there are many news of overseas investor to put their money at the Indian soil. Many foreign investors are queuing up to put their foot in Indian business at many fields. One of those is Indorama SPL group from Indonesia. According to the sources of www.propertykhazana.com the hill state Himachal Pradesh is selected as their choice location for their Indian investment which rises to around Rs 400 crores. Here it is a set up of stretch fabric manufacturing unit by SP Lohia group.
Recently a high profile meeting was held to finalize the deal with the top order of Indorama and Amit Lohia - the managing director of the Indian side. Sources of www.propertykhazana.com also reveals that the proposed manufacturing plant will of very high tech and definitely is one of the first kind in the country.
The Indonesian brand is mostly known for their varied range of industrial goods. The company mainly has a deep focus on the petrochemicals like polyster, spun, yarns, polylefin, textiles and other medical safety appliances. Apart from this it also shows their best skill at the power, packaging, fertilizer along with the real estates. Indorama has a fame of being the second largest producer of polyester globally with 2.2 million tones of capacity per annum. The company already posses a fiber industry unit in Nagpur.
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