Shimla, June 29

An MoU worth Rs 5,000 crore was signed between the state government and SMPP Private India Ltd here today for setting up an ammunition manufacturing facility for tanks and artillery guns.

The MoU was signed by Rakesh Prajapati, Director, Industries, on behalf of the state government and SMPPP Private Ltd Managing Director SC Kansal. The industrial project would provide direct and indirect employment to about 8,500 persons. — TNS