Uflex Group biodegradable film
Uflex Group has begun construction of a biodegradable film plant in the Moscow region
On 10 February, in the Moscow Region, in the Special Economic Zone (SEZ) “Stupino Square” began construction of a plant owned by the Indian company Uflex Group, reports the press service of the SEZ.
The Russian plant Uflex Group received in the SEZ an area of 100 thousand sq. M. t (10 hectares) and plans to produce a biodegradable film that meets all modern environmental requirements, the press service of the SEZ. The opening of the plant is scheduled for 2020. By this time, about 150 jobs will be created at the plant, and investments in the project will amount to more than USD75 million.
In the Moscow region in (SEZ) “Stupino Kvadrat” plant Uflex Group (managing director of the Uflex Group Ashok Chaturvedi with his wife) was founded Photo: (SEZ) “Stupino Kvadrat”.Uflex Group biodegradable film
The Uflex Group managing director Ashok Chaturvedi and his wife and a delegation from India arrived in Moscow to lay the stone and the ritual of opening to Moscow. According to the Russian tradition, the dear guests were greeted with bread and salt and solemnly held to the site of the future plant construction for carrying out the Puja ritual according to the Indian tradition.
Chairman of the Board and Managing Director of the Uflex Group, Ashok Chatuverdi, at the event, said that this is “an example of when the authorities and private investors, working hand in hand, created a real oasis for domestic and foreign manufacturers.” “We decided to purchase the site immediately after the first conversation. The main thing is a well-coordinated team and amazing service – they made the company, helped with the preparation of a business plan, with a work permit, provided a workplace in coworking. We can say we are happy!” Junaid Khan, CEO of the Uflex Group.
Ekaterina Evdokimova, managing partner of the Stupino Kvadrat SEZ, thanked the Moscow Region and personally Governor Vorobyov Andrei Yuryevich, as well as the Minister of Investment and Innovations of the Moscow Region Khromov Vadim Valerianovich for their assistance in the project.
The construction of the enterprise is of high importance not only for the Moscow region, but also for the region as a whole. Having production in the SEZ, the resident gets the opportunity to significantly save on taxes, create his own customs control zone and import equipment and raw materials free of duties and VAT.