A Memorandum of Understanding (MoU) worth Rs. 5000 crore was signed between the State Government and M/s SMPP Private India Ltd in the presence of Chief Minister Jai Ram Thakur here today regarding setting up of ammunition manufacturing facility in the State for tanks and artillery guns.
The MoU was signed by Director Industries Rakesh Prajpaati on behalf of the State Government and Managing Director Dr. S.C. Kansal on behalf of the M/s SMPP Private Limited. This industrial project would provide direct and indirect employment to about 8500 persons.
Industries Minister Bikram Singh, Additional Chief Secretary Industries Ram Subhag Singh, Additional Chief Secretary J.C. Sharma, Joint Director, Industries Naresh Sharma, Executive Director, M/s SMPP Private India Ltd. Ashish Kansal and other senior officers were also present during MoU signing ceremony.