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GIL to diversify in to textile manufacturing
09
Feb '08
Gujarat Investa Ltd (GIL), a non banking financial corporation has worked out a strategy to diversify its interests into textiles. To further its proposed intention, the enterprise will consolidate its business with Anunay Group of Companies.

Anunay Fab Ltd which is a stitching unit, manufacturing export oriented bedsheets, bedlinere and other products, is planning to come up with a textile manufacturing facility at Integrated Textile Park near Nalsarovar.

While talking to Fibre2fashion, Mr Pursottam Agarwal, Director of GIL, said, “The textile manufacturing unit of Anunay is to start its operations over a period of three months.”

At present, GIL has textile export house with a stitching unit which will also enter into production in the next three months. The new plant is likely to spread over an area of 10 acres and will accommodate ultra modern machinery for boosting its production process. “Although, some of these machineries will be provided domestically, the rest will be imported from Korea and Japan,” informed Mr Agarwal

Once, the pollution control facility is verified, GIL would move ahead to achieve its set objectives. The company will soon call for Expert Group Meeting (EGM) to finalize its textile diversification.

Fibre2fashion News Desk - India

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