India : Mafatlal to inject Rs 200cr in textile units modernization - Textile News India

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Home / Knowledge / News / Textiles / Mafatlal to inject Rs 200cr in textile units modernization

Mafatlal to inject Rs 200cr in textile units modernization

06
Mar '14

Textile giant Mafatlal Industries Limited has plans to further invest in Gujarat units. Mafatlal Industries have till date invested Rs 100 Crores in modernization at Nadiad & Navsari, and now plans for an additional Rs 200 Crores in the next three years.

Recently, Mafatlal Industries Limited had organized a mega exhibition cum booking conference at Nadiad on March 4th & 5th 2014. During which Chairman Mr. H. A. Mafatlal commented about the 100 years history of the Nadiad Unit and stressed upon the commitment The Arvind Mafatlal Group has for its Textile Business and the Company’s investment in the latest technology, which would improve quality and increase volumes and will garner a 20% growth on the current annual turnover of Rs 1000 Crores.

On the same event Mr. Rajiv Dayal spoke about the wide range of products on offer, the new development of white bleached fabrics and a range of yarn dyed Linen and blended fabrics in a array of brilliant colours, and the high quality of fiber dyed school uniform fabrics where MIL is a market leader.

During the same conference, MIL launched its new Premium Linen range and Bed & Bath collection. The highlights of the event were, for the first time in the history of MIL that such a mega event was held in the Manufacturing Unit, over 25,000 Sq. Ft. of display area, over 1000 participants on both days, the widest range of fabric display under one roof and over 3000 fabric feelers and products.

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