Noida, Feb. 19 -- Symplast Group, an Italy-based global company, has announced plans to establish a new manufacturing unit for advanced plastics and rotational moulding products for the automobile industry in the YEIDA region of Uttar Pradesh with a total investment of Rs 70 crore, including 50 percent foreign direct investment (FDI).
Today, YEIDA CEO Rakesh Kumar Singh handed over the LoI letter to the company for the allocation of three acres of land.
This project will strengthen India-Italy industrial cooperation and prove to be a significant step towards developing the Yamuna region as a global manufacturing hub.
The total investment of Rs 70 crore will increase foreign capital inflows into the state and create direct employment oppo...