Trident Group announced that the company is planning to invest Rs 3000 crore in Madhya Pradesh’s textile sector which will expand its workforce in the state from the current 12,000 to over 15,000 employees. Chairman Rajinder Gupta announced this at the ‘Invest Madhya Pradesh: Regional Industry Conclave’ held at Narmadapuram on December 9.
“We ventured into Madhya Pradesh a few years ago and invested Rs 5,000 crore. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising,” he said. Looking ahead, Rajinder Gupta added, Trident Group is planning to invest an additional Rs 3,000 crore in the state’s textile sector.
“We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing finished goods. The state is an ideal confluence of sustainability, inclusive growth, and green energy, with immense potential for solar and wind energy development,” Rajinder Gupta said. He also emphasized the company’s focus on skill development and women empowerment, with 50 per cent of new employment opportunities reserved for women.
Praising state Chief Minister Dr Mohan Yadav’s leadership, he noted that fostering collaboration between intellectuals and industrialists has energized innovation and regional development. This initiative reinforces Madhya Pradesh’s reputation as a hub for sustainable industrial growth and inclusive progress, further cementing its appeal to investors worldwide.
Headquartered in Ludhiana, Punjab, Trident Limited is vertically integrated in textiles (yarn, bath & bed linen) and paper (wheat straw‐based) manufacturing. Its products, including towels, yarns, bedsheets, and paper.
Earlier in November, Trident announced its fiscal second quarter earnings with revenue dropping by 4.71 per cent on-year while profit falling by 8.29 per cent compared to the same period last year. In comparison to the previous quarter, Trident experienced a slight revenue decline of 1.71 per cent, but saw a notable profit increase of 12.83 per cent.