Banas Dairy to invest Rs 2,100 crore in Gujarat, signs MoU

Banas Dairy, the biggest diary of Gujarat, Saturday said it planned to invest Rs 2,100 crore in the state, stated an official release.

A Memorandum of Understanding (MoU) in this regard will be signed by Banas during the Vibrant Gujarat summit held during January 10-12 next year. These investments are expected to create 1,094 new jobs, the release added.

Announcements in this regard were made at a pre-Vibrant Gujarat summit held in Banaskantha where Banas Dairy chairman and Gujarat Assembly Speaker Shankar Chaudhary was present.

At the pre-Vibrant Gujarat summit, 21 industrial units had pledged investments worth Rs 383 crore by signing MoUs with the state government.