Banks will have to swallow losses to resolve NPA issue: Jaitley
Banks may have to take "haircuts" – swallow losses – as one of the measures to resolve the sector's problem…
Toray Industries Inc, a Japanese multinational corporation, will invest Rs 1,000 crore for the manufacture of technical textiles in Andhra Pradesh.
Chief Minister N. Chandrababu Naidu on Thursday approved the project, which will come up in Sri City, a special economic zone in Chittoor district.
The plant will be the largest among Japanese units in Sri City.
Advertisement
The project, the foundation stone for which will be laid next year, will provide direct employment to more than 100 people and indirect employment to 300-400 people.
Advertisement
