You are currently viewing Trident Group to Invest Rs 3,000 Crore in Madhya Pradesh’s Textile Sector
Picture Credit : https://bsmedia.business-standard.com/

Trident Group to Invest Rs 3,000 Crore in Madhya Pradesh’s Textile Sector

Trident Limited is a company located in Ludhiana, Punjab, and vertically integrated with operations in the textiles business, including yarns, bath and bed linens, and wheat straw-based paper manufacturing. Some of the products offered include towels, yarns, bedsheets, and paper and it plans to invest one of an additional Rs 3,000 crore in the state’s textile sector. This step is likely to increase the manpower of the company in the state from its current 12,000 to over 15,000 employees. Trident Group Chairman Rajinder Gupta made the announcement at Invest Madhya Pradesh: Regional Industry Conclave’ at Narmadapuram on December 9, 2024. 

Trident, which has stepped into Madhya Pradesh several years ago, has invested a good sum of Rs 5,000 crores in the state so far. Gupta explained how successful Trident is as the finished goods have currently reached 122 countries with this demand continuing to soar high and he also emphasized that this investment will reaffirm the company’s presence in and expansion across the region at the Rs 3,000 crores of planned investment. 

The Group’s commitment to Madhya Pradesh is based on a vision of sustainable and inclusive growth. Gupta said Trident is keen on making sure that the benefits of its operations, from sourcing cotton to producing finished goods, remain within the state. Madhya Pradesh is considered an ideal location for sustainable development, with considerable scope for growth in solar and wind energy. Trident is particularly focused on skill development and women empowerment, as 50 percent of the new employment opportunities would be reserved for women. 

The chief minister of Madhya Pradesh, Dr. Mohan Yadav, has also been praised for his leadership, where the cooperation between intellectuals and industrialists has led to innovation and regional development. The state has further cemented in its position as a leader in sustainable industrial growth and inclusive progress, which makes it a place to invest.