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Shri Vallabh Pittie’s Rs 450-crore unit goes on stream

Aug 03, 2016
Shri Vallabh Pittie’s Rs 450-crore unit goes on stream

Shri Vallabh Pittie Industries (SVP), a leader in polyester and cotton blended yarn inaugurated its Rs 450 crore new textile plant in Jhalawar in Rajasthan. The plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acres of area.

After inaugurating the plant recently, Rajasthan Chief Minister Vasundhara Raje said, “We are committed towards forging partnerships that promote manufacturing and create employment opportunities in Rajasthan.”

The plant will consume almost 25,000 MT of cotton annually, which will provide employment to over 500 people directly and will annually provide a stable source of livelihood to more than 30,000 farmers. The plant will manufacture combed compact yarn, which sells at a premium in the market over other yarns and commands higher margins.

The group company, Platinum Textiles is engaged in manufacturing of polyester & cotton blended yarn. Its manufacturing facilities are located at Ramnad, Coimbatore, and Palani in Tamil Nadu where they manufacture cotton yarn, compact yarn, citra yarn, PC blended yarn, and open end yarn.

These facilities are located in close proximity to each other and near major textile hubs. The total installed capacity of these three units is 100,000 spindles. These manufacturing units make yarns of count ranges 6 to 70.