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Indian textile firm to set up cotton yarn unit in Georgia
16
Oct '13
India-based textile manufacturer Shrivallabh Pittie Group will invest US$ 70 million to build a cotton yarn manufacturing facility near Sylvania, a city in Screven County, in the US state of Georgia, Governor Nathan Deal has announced.
 
The plant will manufacture a range of different counts of carded cotton yarn and production will be flexible in order to meet market demand, a statement said.
 
The plant will use class-leading machinery and benefit from great economies of scale as the entire capacity will be based at one location, it added.
 
Moreover, the company will utilize synergies between the new plant and its existing textile operations, including technical expertise and global sales and marketing network.
 
The facility, expected to create 250 job opportunities, will be located at the Screven County Industrial Park, one of more than 30 GRAD-certified site around the state that offers advanced due diligence for industrial development through the Georgia Allies’ GRAD (Georgia Ready for Accelerated Development) program. 
 
Shrivallabh Pittie Group will also take advantage of the services of Georgia Quick Start, an award-winning state program that will provide the company with free, customized workforce training and development.
 
“We are very excited about this project, which is the biggest single investment in U.S. cotton yarn sector in decades,” said the chairman of Shrivallabh Pittie Group, Vinod Pittie. 
 
“We believe there is a significant market opportunity for yarn manufacturing in Georgia due to a skilled local workforce, proximity to high-quality cotton fiber, the economical supply and reliability of power and world-class infrastructure to international markets,” he added.
 
“The decision by Shrivallabh Pittie Group to locate its new facility in Georgia is an example of how our state is quickly becoming the No.1 state for companies to do business,” Governor Deal said.
 
“The company’s decision to build its first U.S. facility in Georgia underscores our attractive infrastructure and diverse talent pool,” he added.
 
Founded in 1898, Shrivallabh Pittie Group has interests across textiles, finance, retail and real estate. The Group promoted Platinum Textiles Ltd. was established in 1993 and manufactures polyester & cotton blended yarn. 
 

Fibre2fashion News Desk - India

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