Prakash Steelage to set up industrial park in Gujarat.

BSE-listed Prakash Steelage will invest Rs. 70 crore to set up Krishna Industrial Park (KIP) in Umbergaon in Gujarat to meet the growing demands of upcoming SMEs in the state.

'We are investing Rs. 70 crore to set up Krishna Industrial Park in Umbergaon in Gujarat. The state-of-the-art facility is set to open new avenues for SMEs in Gujarat,' Prakash Steelage Chairman and Managing Director Prakash Kanugo told reporters recently.

To be set up in association with Kargwal Group, KIP will provide infrastructure ready industrial plots for factories, warehouses, workshops and service stations.

BS