Summary:
Aurangabad, Nov 18 (PTI) The Aurangabad Industrial City (AURIC) has bagged an investment of Rs 350 crore from pharma company ACG Universal Capsules and a land parcel of 20 acres has been handed over to the firm, a top official from Aurangabad Industrial Township Ltd (AITL) said on Thursday.
AURIC is industrial town set up at Shendra in Aurangabad under the project of the Delhi-Mumbai Industrial Corridor Project, and AITL is the project-implementing special purpose vehicle (SPV) formed by the government.
While talking about the new investment, AITL Joint Managing Director Jitendra Kakuste told PTI, "We have allotted a plot of 20 acres as land parcel to ACG Universal Capsules Private Limited.
The company has a plan to invest Rs 350 crore in the first phase." "The company manufactures capsule covers and has a plant to manufacture 20 billion covers in a year.
This project will provide direct employment to 450 people.
The company will go into production in a period of one year," Kakuste added.