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| Expansion Plans |
Narendra Group of Industries has reached new heights in Textile and agricultural Sector. Narendra Group of Industries is totally an Agricultural belt mainly of Agri & Textile. There is an increasing demand for Textile in the World market, which is not matched by an adequate supply. This unmatched proportion of demand and supply has given rise to a vacuum, especially in the markets of Europe, Latin America, United ARAB and USA.
To tap this huge market potential, This Group is going for Big expansion by investing in a new Textile and Power Projects. After completion, it will be among the Latest and Textile Plants in India. The company plans to further enhance and diversify to be among the top manufacturers in Agro based and Composite units in India. The new project will bring employment to more than 1000 people. The plan is divided into four phases.
India's economy grew at its fastest pace in six months in the quarter through March 2010, fuelled mainly by government and consumer spending. The 8.6 percent expansion in the fourth quarter of the fiscal year 2009/10 was broadly in line with a median forecast of 8.7 percent in a Reuters poll, and lifted the annual average growth rate for the full fiscal year to a slightly better-than-expected 7.4 percent. India's economy had grown 6.7 percent in 2008/09, and the Jan-March 2009/10 growth rate matches the revised data for the second quarter of 2009/10. Revival of growth in farm output after a contraction in the quarter ago underscored the broad-based recovery in Asia's third-largest economy. The arrival of fresh crops helped agriculture grow by 0.2 percent, having dropped significantly in the previous quarter of 2009-10 due to a poor monsoon. The farm sector, which forms nearly 17 percent of the economy but is dependent on monsoon rains, is expected to do well in 2011. The rapid acceleration in the world's second-fastest growing major economy after China is boosting consumer demand far ahead of what can be met by existing supply capacity, which means that inflation, as well as high-levels of domestically held debt, are serious concerns for the Indian political leadership.
Looking at this growth in INDIAN Market we plan to take this company to new heights. |
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