Hi-Tech Metalex invests ₹48 crore in Jammu & Kashmir metal processing unit

Hi-Tech Metalex Private Limited is venturing into the metal processing sector with a new project at the Forlein Kathua Industrial Estate in Kathua, Jammu & Kashmir. With an investment of ₹48 crores and a land area spanning 4.38 acres, this endeavor signifies a significant commitment to industrial development in the region. The project's potential processing activities include the manufacture of Electric Resistance Welded (ERW) pipes and the processing of steel coils and sheets into color-coated variants, catering to diverse applications in construction, plumbing, and beyond.

The establishment of the metal processing unit holds promise for Jammu & Kashmir's industrial landscape, aiming to enhance the region's production capacity and reduce dependence on imported metal products. Moreover, the project is expected to generate employment opportunities during both the construction and operational phases, contributing to local economic growth and livelihoods. Additionally, the unit's presence in the Forlein Kathua Industrial Estate has the potential to catalyze further industrial development in the area, fostering a conducive environment for business growth and investment.

Despite the project's significance, specific details regarding its current status and timeline remain undisclosed to the public. Stakeholders are encouraged to stay updated through official channels or relevant authorities for further information on the project's progress and milestones. As Hi-Tech Metalex Private Limited moves forward with its Metal Processing Unit Project, it holds the promise of not only contributing to the region's industrial diversification but also fostering sustainable economic development in Jammu & Kashmir.

News by Rahul Yelligetti