Home / Knowledge / News / Textiles / TN to modernize 5 cooperative spinning mills
TN to modernize 5 cooperative spinning mills
05
May '12
The South India Textile Research Association has formulated a plan for modernizing five cooperative spinning mills in the southern Indian state of Tamil Nadu, at a cost of Rs. 1.04 billion, a policy note laid before the Legislative Assembly stated.

The project would be funded by the National Cooperative Development Corporation, it added.

State Minister for Handlooms and Textiles, Dr. S Sundararaj, announced that the government has resolved to spend Rs. 57.5 million for revamping and reopening the cooperative spinning mill at Ramanathapuram.

Another Rs. 58.2 million would be pumped in for revamping Tamil Nadu Cooperative Textile Processing Mills at Erode, which was shut down in February 2011 for non-compliance of the effluent treatment standards set by the Tamil Nadu Pollution Control Board.

However, the mill reopened in June 2011 after paying the penalty of Rs. 11.1 million imposed by the state government for the breach.

Modernization of the mill, would raise its fabric processing capacity from the existing 50,000 metres per day to 70,000 metres per day, the Minister said.

According to the policy note, there are 18 cooperative spinning mills in Tamil Nadu with joint capacity of over 470,000 spindles. These mills produce hank yarn for supply to handloom weavers' cooperative societies.

Currently, five cooperative spinning mills with a capacity of 97,280 spindles, churn out yarn for supply to weavers who prepare sarees, 'dhotis' and school uniforms, which are supplied free of cost under government programmes.

The Minister informed that a high-level committee led by the state's Chief Secretary has been constituted to decide if the 13 defunct spinning mills of the state should be revived or closed down.

In the event of closure of these mills, the committee will also decide whether their assets would be sold or transferred to other Departments, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search