Home / Knowledge / News / Textiles / Calico mill goes under the hammer
Calico mill goes under the hammer
05
May '10
The Ahmedabad Manufacturing & Calico Printing Mills Company Limited or 'Calico mill' for short was set up in 1880 in what was then known as the Manchester of the East; Ahmedabad. Following financial trouble, it passed in to liquidation in the late 80's.

After more than two decades, the land and machinery of the mill has been disposed off in a public auction for around Rs 2.7 billion, last week. The directive to auction the mill was given by the high court, to pay off all the outstanding dues of the mill.

Fibre2fashion spoke to Amthabhai Desai, veteran trade union leader, who said that, “The asking price in the auction was Rs 2.10 billion, but bids reached Rs 2.7 billion. However we are still not happy with the price and are planning to approach the court”.

Calico mill was one of the biggest textile mills in Ahmedabad, employing over 5,000 workers. It was the pioneer in manufacturing cotton sewing thread in India and later on also produced synthetic sewing threads.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search