Trident Group Announces Investment of Rs. 155 Crore in Punjab During The Progressive Punjab Investors Summit

Online, February 18, 2014 (Newswire.com) - The much-awaited Progressive Punjab Investors Summit attracted a whopping investment of more than Rs. 65,000 crore for the state. This investment has come through around 117 agreements with both domestic and overseas companies. Headed by deputy chief minister Sukhbir Badal, the summit was aimed at attracting investment from diverse industrial sectors.

Corporate honchos like Trident Group chairman Rajinder Gupta had announced an investment of Rs. 155 crore in Punjab during the summit. TridentGroup is a leading diversified business conglomerate of India. The group is focused on generating economic prosperity for the stakeholders while growing harmoniously with the community and environment.

Sukhbir Badal, who engineered the show said, "I was aware that success lay not only in getting the MoUs signed alone. We will follow up with the investors on a monthly basis and will review each investor's proposals. By linking our incentives to the progress of each investment proposal, we will ensure that real investment takes place."

With businesses spanning across more than 75 countries, TridentGroup - a leading corporate group of companies, today, is a USD 1 billion enterprise with a strong workforce of more than 10,000 people. With an annual capacity of 162 million pieces for terry towels, 1 million pieces of bathrobes, and 64,000 tons for yarns, Trident Limited is amongst India's leading textile companies.

Making way in Punjab as an agro-based manufacturer in 1990, the group has diversified and expanded manifold, giving way to businesses based on sustainable growth. Under the dynamic leadership of Mr. Rajinder Gupta, the Chairman of the group, Trident continues to grow embracing new challenges, expanding boundaries and creating new opportunities.