Trident Ltd. on Friday, November 21, said it will invest ₹2,000 crore in Punjab to accelerate growth and employment generation.

Trident Group's chairman and promoter announced the expansion strategy on Thursday.

Under the ₹2,000 crore expansion plant, Trident said it will invest ₹1,500 crore in Barnala to scale up Terry Towel production and modernise paper manufacturing facilities. It will also allocate ₹500 crore to Mohali to establish a corporate office and capacity building centre.

The initiative is expected to generate 2,000 employment opportunities with a focus on engaging semi-skilled rural women and advancing women's empowerment, the company added.

Trident reported its September quarter earnings last week. Its net profit increased 9.2% to ₹91 crore from ₹83.3 crore in the previ

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