Nine Dragons Paper to invest Rs 4500 crore in Maharashtra

Maharashtra Industrial Development Corporation (MIDC), India, has signed a MoU with Nine Dragons Paper Group, a Chinese paper manufacturing company, in the presence of chief minister Devendra Fadnavis and state industries minister Subhash Desai.

As per the agreement, Nine Dragons will set up a unit in the state and will invest around Rs. 4500 crore in the first five years. The project is expected to provide job opportunities to more than 10,000 people, according to a statement from the chief minsiter’s office (CMO).