Indore, April 20 (KNN) A Gujarat based textile company has pitched an investment of Rs 5,4000 crore to establish a solar cell and a textile unit in Ratlam, Madhya Pradesh. 

With a capital investment of Rs 4,600 crore the company has proposed to set up a unit of solar cell, solar glass and PV module production in Ratlam, said the Industry Policy and Investment Promotion Department.

It is expected to set up the unit on about 250 acre and has claimed to generate employment for around 3,000 people.

For the textile unit it will occupy an area of 30 acres with an investment of Rs 800 crore and provide employment to 900 people. 

The Indore region has attracted land booking of 50 textile and garment industries in the last one year. 

By paying 25 per cent of the total premium amount to set up factories and estimated investments from these units is Rs 1,560 crore. (KNN Bureau)