Gokaldas Exports has entered in to a memorandum of understanding (MoU) with the Andhra Pradesh Government for setting up four apparel manufacturing units in Chittoor district over next three years.
The company plans to invest up to Rs 200 crore which is likely to generate approximately 5,000 new jobs.
The investment is however subject to such terms and conditions as requested and sought by Gokaldas Exports, including appropriate infrastructural support and relevant incentives and subsidies being made available to GEL with the Government of Andhra Pradesh.
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