Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh’s textile sector, increasing its workforce to over 15,000. The investment follows an earlier Rs 5,000 crore contribution, with the company focusing on local production, skill development, and women empowerment.
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Trident Group has announced plans to invest Rs 3,000 crore in Madhya Pradesh’s textile sector, aiming to increase its workforce in the state from 12,000 to over 15,000 employees. This announcement was made by Chairman Rajinder Gupta during the ‘Invest Madhya Pradesh: Regional Industry Conclave’ on December 9 in Narmadapuram.
Gupta highlighted that the company’s initial investment of Rs 5,000 crore in Madhya Pradesh a few years ago has proven successful, with the region now exporting finished products to 122 countries and witnessing growing demand. Looking ahead, Trident intends to make a further Rs 3,000 crore investment to strengthen the state’s textile industry.
Gupta expressed the company’s commitment to ensuring local benefits, emphasizing that operations will prioritize sourcing cotton and producing goods within Madhya Pradesh. He also highlighted the state’s potential in sustainability, inclusive growth, and green energy, particularly in solar and wind energy development. Trident’s investment will focus on skill development and women empowerment, with half of the new job opportunities designated for women.
In praising the leadership of Chief Minister Dr. Mohan Yadav, Gupta acknowledged the positive impact of collaboration between intellectuals and industrialists, which has fostered innovation and regional progress. This initiative enhances Madhya Pradesh’s standing as a destination for sustainable industrial growth and inclusive development, further attracting global investors.
Trident Limited, based in Ludhiana, Punjab, is a vertically integrated company involved in the production of textiles, including yarn, bath & bed linen, and wheat straw-based paper products such as towels, yarns, and bedsheets.
Earlier in November, Trident reported a 4.71% drop in year-on-year revenue for its fiscal second quarter, with profits falling by 8.29%. However, compared to the previous quarter, the company saw a slight 1.71% revenue decline but experienced a 12.83% profit increase.
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