Trident Group Investment in Madhya Pradesh : Announces ₹3,000 Crore in Textile Sector.

Trident Group Investment in Madhya Pradesh : Commitment to Local Development and Job Creation Highlights Trident Group Growth Vision.

Narmadapuram, Madhya Pradesh: Trident Group, a leading name in textiles and paper manufacturing, has announced a ₹3,000 crore investment in Madhya Pradesh’s textile sector. The investment aims to expand the company’s operational capacity and workforce, reaffirming its confidence in the state’s robust industrial ecosystem.

Trident Group Investment in Madhya Pradesh : Expanding Workforce and Empowering Women

Chairman Rajinder Gupta made the announcement during the “Invest Madhya Pradesh” Regional Industry Conclave held on December 9, 2024, in Narmadapuram. Trident’s current workforce of 12,000 employees will grow to over 15,000, with 50% of new jobs reserved for women.

Gupta expressed the company’s commitment to fostering local development, stating:
“Madhya Pradesh provides immense opportunities for sustainable growth. This investment reflects our dedication to empowering communities, creating jobs, and promoting inclusive development.”

Trident Group Investment in Madhya Pradesh : Past Investments and Global Reach

Trident has already invested ₹5,000 crore in Madhya Pradesh, where its manufacturing facilities contribute to the state’s industrial landscape. The company exports its finished products, including towels, yarns, and bedsheets, to 122 countries, solidifying its position as a global leader in textiles.

Meeting with Madhya Pradesh CM

In a one-on-one meeting with Chief Minister Dr. Mohan Yadav, Gupta discussed future opportunities for industrial expansion in the state. The discussions highlighted Madhya Pradesh’s potential for sustainable growth, particularly in renewable energy sectors like solar and wind energy.

Trident Shares Surge on NSE

Following the announcement, Trident Ltd’s shares surged by 11.93% on the NSE, trading at ₹38.57, up ₹4.11 as of 2:10 PM today. The significant rise reflects investor confidence in the company’s ambitious expansion plans and growth trajectory.

About Trident Group

Headquartered in Ludhiana, Punjab, Trident Group is a vertically integrated conglomerate with operations in textiles and paper manufacturing. Its facilities in Punjab and Madhya Pradesh cater to a global clientele, offering premium products like:

  • Towels and bedsheets
  • Yarns
  • Paper products

The company is renowned for its focus on sustainability, innovation, and community engagement.

Confidence in Madhya Pradesh’s Ecosystem

Trident’s ₹3,000 crore investment underscores its belief in Madhya Pradesh’s industrial potential. Gupta lauded the state government’s support and proactive policies, which have created a business-friendly environment for both local and international investors.

Trident Group Investment in Madhya Pradesh : Conclusion

Trident Group’s latest investment is set to transform Madhya Pradesh’s textile sector, driving economic growth, job creation, and inclusive development. As the company continues to expand its global footprint, its focus on sustainability and local empowerment aligns seamlessly with the state’s industrial vision.

The initiative not only strengthens Madhya Pradesh’s position as a preferred investment destination but also showcases the transformative power of public-private partnerships in achieving sustainable growth.

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