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Agro-chemicals player United Phosphorous Ltd (UPL) on Tuesday announced plans to invest Rs 6,000 crore to set up a plant to manufacture agro-chemicals and intermediates at Dahej in South Gujarat.
The announcement by the company comes at a time when the state goes to the polls in a couple of months. The investment by the company is expected to boost business for the existing chemicals players in the region and create new employment opportunities.
The company signed a memorandum of understanding (MoU) with the Gujarat government for the project, which will create employment opportunities for 10,000 people directly and indirectly.
The proposed plant will be set up at Dahej-3 industrial estate under the Gujarat Industrial Development Corporation (GIDC) in Bharuch district. The state government will provide a 600,000 sq ft plot in GIDC for the proposed plant, a state government statement said here.
UPL is among the leading agro-chemicals makers in the world with a presence spread across nine countries.
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