SVP GROUP INVESTS IN RAJASTHAN, EXPECTED TO CREATE 2,000 JOBS
The Rajasthan government has entered into an agreement with ShriVallabh Pittie Group (SVP Group) to set up an aircraft maintenance, repairing and overhaul (MRO) facility in Jhalawar. The investment will be of `2,000 crore and is expected to create about 2,000 new job opportunities. There are already two MRO facilities in the country (in Hyderabad and Bengaluru), but this proposed facility is expected to handle high-end operations. This is not SVP’s first investment in the state. The group has already invested `445 crore in a yarn manufacturing unit in Jhalawar. The Rajasthan government has also signed a revised MoU with HPCL for a crude oil refinery at Barmer.