Current Date: 21 Nov, 2024

Chiripal to Pump ₹1178 Cr in J&K Mega Project

Chiripal Poly Films Ltd. has unveiled plans for a substantial investment of ₹1,178 crore in a comprehensive industrial project at Bhagthali Industrial Area, Kathua, Jammu & Kashmir. This major development will encompass the production of BOPP films, BOPET films, PET chips, and aluminum foils, spread over 35 acres.

The project will significantly enhance Chiripal Poly Films' production capacity and diversify its product offerings. The facility will produce a range of packaging materials and films essential for various industries, including food and beverage, pharmaceuticals, and consumer goods. This expansion aligns with the company’s strategy to cater to growing market demands and leverage new opportunities in the packaging sector.

The state-of-the-art facility will feature advanced production technologies and processes, ensuring high-quality outputs and efficient operations. It is expected to contribute to the regional economy by creating job opportunities and supporting local suppliers. The project will also bolster the company’s competitive position in the global market.

Construction of the plant is set to begin shortly, with the aim of commencing production within the next few years. This initiative is anticipated to strengthen the industrial base of Jammu & Kashmir and provide a significant boost to the local economy.

Chiripal Poly Films' investment reflects its commitment to growth and innovation, positioning the company as a leading player in the production of advanced packaging materials and contributing to the region's industrial development.

News by Rahul Yelligetti

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Source : Projxnews