Home / Knowledge / News / Textiles / NTC's Rs 2.5bn processing facility to start soon
NTC's Rs 2.5bn processing facility to start soon
28
Jul '11
The state-run National Textile Corporation Ltd (NTC) is ready to make its debut in processing industry as its Rs. 2.5 billion facility coming up in Karnataka's Hassan is expected to become operational soon, K Ramachandran Pillai, Chairman and Managing Director of the company, has revealed.

NTC Chairman said that the facility, spread on a plot of 40 acres, incorporates 40,000 spindles and 48 shuttle-less looms for weaving, thus housing a capacity to process 40,000 metres of fabrics each day.

He further stated that processing activity stipulates cautious handling, especially with respect to observance of rules regarding pollution. Hence, he added, NTC is carrying out negotiations with leading Italian and German firms for procuring the necessary high-tech machinery for foraying into the field of processing.

Though NTC too, just like other businesses in the sector, was hit by the declining trend in the spinning sector, it aims to widen its business with addition of 120,000 spindles by March 2012 to its already existing overall capacity of 720,000 spindles, Mr. Pillai said. He added that the Corporation further plans to enhance the number of spindles to 1.2 million by 2012-13.

He further revealed that the Corporation has resolved to foray into the field of technical textiles and is planning to establish a cluster in the sector. For the purpose, NTC has already identified some locations including a 135-acre plot in Kanpur, and huge lands in Maharashtra's Vidarbha region and also in Coimbatore.

He stated that the Corporation was in the process of finalizing the modalities for establishing the technical textile cluster with private partnership. The cluster will have at least 10 projects involving a combined cost of Rs. 2.5 billion. While NTC would further infrastructural facilities for the cluster like land and building, selection of the site would be done as per the choice of private players, he added.

The Corporation has already resolved to establish a Geotech unit at Rajasthan's Beawar at a cost of Rs. 2.5 billion and a Rs. 600 million medical textile project in Coimbatore.

The Corporation registered a sales turnover of Rs. 6.75 billion during fiscal 2010-11.

Mr. Pillai further stated that NTC exported yarn and home textiles worth Rs. 60 million last year, and the same are projected to grow to Rs. 250 million this year.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search