Citing power shortages, rising land costs and unfavourable policies for them in Punjab, the State’s fastener manufacturers are planning to set up a cluster in Gujarat by investing Rs 1,000 crore.
“We have made up our mind to set up a fastener cluster in Gujarat as the State offers immense potential to us because of the presence of a host of industries in the field of refinery, power and automobile and our products can be used in these sectors in a big way,” All India Fastener Manufacturers Association, Narinder Bhamra said. (…)
