Home / Knowledge / News / Textiles / Nakoda Textile to commission Textile Park in September
Nakoda Textile to commission Textile Park in September
28
Jul '09
Nakoda Textile Industries Ltd (NTIL) has informed that NTIL sponsored Textile Park under the name and style of Surat Super Yarn Park Ltd. (SSYPL) is expected to be commissioned in September 2009. The park is being set up under the Scheme for Integrated Textile Park (SITP) by Ministry of Textiles, Govt. of India.

The Park which is coming up at village Hathuran in Dist. Surat, Gujarat is 1st of its kind in India for processing of POY to Texturised Yarn. It would provide the complete infrastructure to 27 enterprises who would be putting up 108 texturising machines capable of producing 140,000 MTPA of Texturising Yarn.The Rs.107 Crore project is being implemented by Infastructure Leasing & Financial Services (ILF&S) as project Management Consultants.

NTIL the core sponsor has contributed 18.5% to the equity of Rs. 16 Crore of the Company. SSYPL is raising the balance Rs. 91 Crore through Govt. grant of Rs.40 Crore and term loans aggregating Rs. 51 Crore, NTIL shall be installing its own 20 Nos state of the art texturising machines in the park if its forward integration plan for producing 28,800 MTPA of Texturising Yarn. NTIL shall be engaging good number of texturising units in the Park for doing job work fir it.

NTIL is expected to become India's first integrated yarn company after completion of its own Rs.333 Crore backward integration, expansion and diversification scheme as it would be producing value added products only i.e. Fully Drawn Yarn(FDY) and Texturising Yarn. NTIL, already one of the largest FDY manufacturer in India shall be producing 60,000 MTPA (existing 19500 MTPA) of the same on completion of the scheme. Like Texturising Yarn, FDY is also a high value added product which goes directly to weavers.

Nakoda Textile Industries Ltd (NTIL)


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
June 2017

June 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