Home / Knowledge / News / Textiles / RSWM to set up yarn manufacturing unit in Gujarat
RSWM to set up yarn manufacturing unit in Gujarat
06
Sep '12
Rajasthan Spinning & Weaving Mills Limited (RSWM), one of the largest producers and exporters of polyester viscose blended yarn in India, is planning to set up a yarn manufacturing plant in western Indian state of Gujarat by 2015.
 
RSWM, part of the Rs. 55 billion LNJ Bhilwara Group, would invest Rs. 4 billion for setting up a spinning and weaving unit in Gujarat, Mr. ML Jhunjhunwala, President of RSWM Ltd, said.
 
The new unit will increase RSWM’s yarn manufacturing capacity to 12,000 tons per month from the existing 10,000 tons per month.
 
The company plans to install 100,000 spindles in the new fully-automated plant, which will come up in next two-three years, Mr. Jhunjhunwala said.
 
In addition to setting up a yarn manufacturing facility in Gujarat, RSWM also plans to invest another Rs. 6 billion across its textile value chain as a part of its expansion plans.
 
Moreover, the company aims to enhance its market share in fancy yarns for apparels, sewing threads, denim market and technical textiles in Gujarat.
 
RSWM has recently opened a new regional yarn marketing office in Ahmedabad, with an aim to boost its interaction with buyers, so as to offer specialty products and to utilize customer feedback for product innovation, Mr. JC Laddha, Executive Director of the company, said.
 
Last fiscal, RSWM clocked a business of Rs. 1 billion in Gujarat and the company is aiming to achieve Rs. 1.5 billion in revenues from the state during the current fiscal.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


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