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NSL to inaugurate State-of-the-Art Textiles Process House
01 Sep '10
3 min read
NSL Textiles, part of Rs 1500 Crore NSL Group, has brought to light the inauguration of its State-of-the-Art textiles process house at Chandolu near Guntur district of Andhra Pradesh. The facility will be inaugurated by the Honorable Chief Minister of Andhra Pradesh Dr. K. Rosaiah on the 6th of September 2010. Honorable Minister of State for Textiles, Govt. of India, Smt. Panabaka Lakshmi and Ministers of Government of AP will attend the event.
The output of the plant is projected at 1,20,000 Meters per day initially, which is proposed to be doubled in the next two years. It also houses 100 looms for weaving dyed yarn. Investment to the tune of INR 300 Crore has already been made with further plan to invest about INR 250 Crore.
Speaking on the occasion, Mr. Mandava Prabhakar Rao, Chairman, NSL Group, said “Textile business is going to play a major role in realizing our goal for the Group. With our strength of “Cotton to Clothing”, we will offer customers the unique value proposition of full process control in the value chain. Keeping this in mind, we have made significant investments to the tune of INR 1100 Crore in Ginning, Spinning, Weaving, Processing and Garmenting. With our Group's traditional strength in Cotton seeds, cotton cultivation and cotton selection and the seasoned team, our textile business is poised to become a major Asian player in the industry.”
Mr. Myneni Giridhar, Vice Chairman, NSL Textiles, said, “We are aggressively pursuing our vision to become the best integrated textile company. With the present capacities in ginning, spinning and weaving, the first three steps of value chain; we are already a major player in textile industry. Process house and garment manufacturing are the next logical steps to complete the value chain. With our strength in cotton and the fully integrated operations, we will be best placed in the industry to serve our customers – both domestic and foreign. Our branded Apparel 'Constello' catering to the domestic market will be launched by Depavali -2010.”
The textile processing house at Chandolu is one of the largest in South India and equipped with State of the Art, unique Effluent Treatment Plant (ETP), which is capable of recycling as high as 90% of the water usage against highest of 80% in the industry.
Size of the Indian textiles industry is estimated around INR 3, 00, 000 crores and it provides employment to 3.5 crore people, second largest sector after agriculture. Textiles industry contributes four percent to national GDP and 13.5 per cent of exports earnings come from it.
NSL Textiles Limited is part of the NSL Group promoted by Mr. Mandava Prabhakar Rao. The company has set up State-of-the-Art facilities in Andhra Pradesh with the unique concept of "Cotton to Clothing" and is poised to emerge as one of the biggest players in the cotton textiles and apparel arena.
The output of the plant is projected at 1,20,000 Meters per day initially, which is proposed to be doubled in the next two years. It also houses 100 looms for weaving dyed yarn. Investment to the tune of INR 300 Crore has already been made with further plan to invest about INR 250 Crore.
Speaking on the occasion, Mr. Mandava Prabhakar Rao, Chairman, NSL Group, said “Textile business is going to play a major role in realizing our goal for the Group. With our strength of “Cotton to Clothing”, we will offer customers the unique value proposition of full process control in the value chain. Keeping this in mind, we have made significant investments to the tune of INR 1100 Crore in Ginning, Spinning, Weaving, Processing and Garmenting. With our Group's traditional strength in Cotton seeds, cotton cultivation and cotton selection and the seasoned team, our textile business is poised to become a major Asian player in the industry.”
Mr. Myneni Giridhar, Vice Chairman, NSL Textiles, said, “We are aggressively pursuing our vision to become the best integrated textile company. With the present capacities in ginning, spinning and weaving, the first three steps of value chain; we are already a major player in textile industry. Process house and garment manufacturing are the next logical steps to complete the value chain. With our strength in cotton and the fully integrated operations, we will be best placed in the industry to serve our customers – both domestic and foreign. Our branded Apparel 'Constello' catering to the domestic market will be launched by Depavali -2010.”
The textile processing house at Chandolu is one of the largest in South India and equipped with State of the Art, unique Effluent Treatment Plant (ETP), which is capable of recycling as high as 90% of the water usage against highest of 80% in the industry.
Size of the Indian textiles industry is estimated around INR 3, 00, 000 crores and it provides employment to 3.5 crore people, second largest sector after agriculture. Textiles industry contributes four percent to national GDP and 13.5 per cent of exports earnings come from it.
NSL Textiles Limited is part of the NSL Group promoted by Mr. Mandava Prabhakar Rao. The company has set up State-of-the-Art facilities in Andhra Pradesh with the unique concept of "Cotton to Clothing" and is poised to emerge as one of the biggest players in the cotton textiles and apparel arena.
NSL Group
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