Mumbai: Bombay Rayon Fashions Ltd, apparel exporter, is all set to invest Rs 1100 crore for establishing textile units in Maharashtra.

For this, the company has already signed up a memorandum of understanding (MoU) with the Maharashtra government. Prashant Agarwal, BRFL managing director and VK Jairath, principal secretary of industries, government of Maharashtra signed the MoU.

The company’s investment plan would create 32,000 direct jobs along with another 50,000 chances for indirect employment.

The company would set up yarn dyeing, weaving, processing and garmenting units at different locations in Maharashtra including Tarapur, Islampur, Ichalkaranji, Latur, Nanded, and Osmanabad.

The company also said that by raising the number of overall units, the daily fabric processing capacity would go up by 500,000 metres and garment capacity by 100,000 units.

At present, the company operates from its mills near Mumbai and in Karnataka state.

The company’s share ended 13.31% up, on Tuesday, at Rs 322.55 at the Bombay Stock Exchange (BSE). The total volume of shares dealt was 869,635 at the BSE.