Home / Knowledge / News / Textiles / Three new mills of NTC to start operations
Three new mills of NTC to start operations
30
Mar '10
State-owned National Textile Corporation (NTC) has announced that its three new mills in the states of Karnataka, Maharashtra and Gujarat will start functioning in next three to six months. Establishment cost of these three mills is estimated at Rs.6.5 billion, informed Mr. K Ramachandran Pillai, NTC Chairman and Managing Director.

He was speaking at the National Convention of Textile Engineers held by Institution of Engineers. These mills are being established at Achalpur in Maharastra, Hassan in Karnataka and Ahmedabad in Gujarat. These three mills would have a combined a capacity of 132,000 spindles, said Mr. Pillai.

He further informed that apart from spinning, NTC will start weaving, processing and garmenting segments of the textile industry in these three new mills. Along with these three mills, the company is also taking steps to institute a new mill in Rajasthan for geo-textiles, which is the special kind of textile used in construction work and road making.

It has been expected that by the year 2014 that the total turnover of the company would go up to Rs.20.14 billion as an ambitious plan has been chalked out to fetch that amount of business, informed Mr. Pillai. Last year, the annual turnover of NTC was Rs.4.8 billion, which will increase up to Rs.5.5 billion this year, he added.

Along with these four new mills, NTC has overall 24 mills.

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Akta Adani
India Boulevard

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search