BSL Ltd will install 29,184 cotton spindles, 9216 synthetic spindles and 50 new looms as part of its expansion plan under this MoU.
Kolkata
Bhilwara based leading textile company BSL Ltd has signed an MoU with the Department of Industries and Commerce, Government of Rajasthan, to invest over Rs 150 crores for expanding its manufacturing facilities in Bhilwara. This MoU would be implemented within 2 years and would generate employment for 800 people through the various projects. BSL Ltd will install 29,184 cotton spindles, 9216 synthetic spindles and 50 new looms as part of its expansion plan under this MoU.
MoU was signed by Shiv Prasad M. Nakate, District Collector & Magistrate, Bhilwara on behalf of the State Government and Praveen Jain, Director Operations on behalf of BSL Ltd. BSL Ltd is promoted by Arun Kumar Churiwal, Chairman, and Nivedan Churiwal, Managing Director. Nivedan Chuirwal commented, “We are confident that based on this Capex and expansion plans, the company will achieve our targeted sales of Rs 750 crores in two years with a very healthy bottom line.â€
BSL is India’s leading manufacturer and exporter of suiting’s and furnishing fabrics and is now diversifying into cotton spinning.
Having excelled for more than a quarter of a century in the industry, BSL Ltd is currently credited with producing over 18 million meters of fabric annually. Steered by the company Managing Director Nivedan Churiwal along with his competent team, BSL today is a market leader and a household name, boasting of an annual turnover to the tune of Rs 450 crores.
BSL was established in 1971 at the small town of Bhilwara in Rajasthan, where it is currently headquartered. In those days, the manufacturing of poly-viscose suiting was still a unique concept in India. The journey so far has been nothing less than prolific. Riding on exemplary leadership skills, futuristic vision and the belief of the top brass that there are no shortcuts to excellence, the company has been growing from strength to strength expanding its global and national footprints across all sectors.