While Gloster Limited (formerly Kettlewell Bullen & Co Ltd that was founded in 1872) will invest around Rs 330 crore in setting up a jute mill in Warangal district that will generate 3,348 direct jobs, MBG Commodities will pump in about Rs 254 crore to set up a modern integrated jute mill in Sircilla district that will create direct EMPLOYMENT for around 3400 people.
‘s Agriculture-notes-for-state-psc-exams”>Agriculture minister S Niranjan Reddy said the state will encourage farmers to take up jute cultivation to meet the requirements of the jute mills not just because agricultural produce is increasing but also because jute can emerge as a sustainable alternative to plastic.