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Rs 300 cr of RMG projects to be completed in 2015-16
17
Apr '15
Six readymade garment projects envisaging an aggregate investment of over Rs 300 crore are expected to be commissioned in 2015-16, according to the Centre for Monitoring Indian Economy (CMIE), a leading business information company. 
 
With an investment outlay of Rs 100 crore, Mandhana Industries is in the process of setting up a new garment manufacturing plant at Pune. The company plans to install a capacity to produce 40 lakh pieces of garments per year at this unit. The company has already started trial production at the plant. Commercial operations at the plant are likely to commence in April 2015, says CMIE on its website.
 
West Bengal Hosiery Park Infrastructure plans to invest Rs 85 crore on setting up a hosiery park at Haora, West Bengal. The park will come up under the SITP and will be developed over an area of 100 acres. It is expected to house 170 small and medium garment manufacturing units. The park is likely to be ready by March 2016.
 
KPR Mill is in the process of establishing a new garment manufacturing unit at Tirupur, Tamil Nadu. The company plans to invest Rs 55 crore on installing an annual capacity to produce 1.2 crore pieces of garments at this unit. The project is likely to be completed in April 2015 and is expected to create a direct employment for 1,200 people.
 
Dollar Industries is expected to invest Rs 30 crore on setting up a new, fully-integrated, garment manufacturing facility at Ludhiana. This facility will be built over an area of one acre and will cater to thermal and outer-wear. The company has already acquired land for the project and expects to complete it by March 2016.
 
Ashapura Intimates Fashion plans to set up a lounge-wear manufacturing unit at Vapi in Gujarat. The company is likely to spend a sum of Rs 27 crore on the project. This unit will have a capacity to produce 70 lakh pieces of garments per year. It will be built over an area of 225 thousand square feet. An employment opportunity for 2,000 people will be created by the project. It is expected to be commissioned by December 2015. 
 
The textiles ministry is investing Rs 18 crore in an apparel and garment centre in Gangtok, Sikkim. Spread over 1.5 acres of land, the centre is likely to be completed by June 2015. (SH)
 

Fibre2fashion News Desk - India

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