SVP Group inks MoU with Rajasthan govt to invest Rs 4,000 cr in aviation, textile sectors

The projects are proposed to be developed at mutually agreed locations in the state. The state government also directed to constitute a committee under the chairmanship of Principal Secretary, Industries for speedy implementation of the projects, the release said..

The Rajasthan government on Wednesday signed a Memorandum of Understanding (MoU) with ShriVallabh Pittie (SVP) International Group for development of facilities related to aviation, defence and textile sectors. Investment of Rs 4,000 crore is estimated under the projects which would generate employment for more than 4,000 people, an official release said.

The MoU was signed between the company representatives and state industry department officials in presence of Chief Minister Ashok Gehlot. The company representatives made a presentation at a meeting chaired by Gehlot which was also attended by Industry Minister Prasadi Lal Meena, Chief Secretary Rajeeva Swarup and others, it said.

The company proposed to develop a project for defence and aerospace, including aircraft maintenance, repair and overhaul (MRO) facility, aviation academy and a project related to textile. The projects are proposed to be developed at mutually agreed locations in the state.

The state government also directed to constitute a committee under the chairmanship of Principal Secretary, Industries for speedy implementation of the projects, the release said..