Home / Knowledge / News / Textiles / SVP Global sets up 1,00,000 spindle plant in nine months
SVP Global sets up 1,00,000 spindle plant in nine months
05
Aug '16
Courtesy: SVP Global
Courtesy: SVP Global
SVP Global Ventures, a diversified yarn manufacturing company has recently commissioned a fully automated plant of 1,00,000 spindles in Jhalawar district of Rajasthan, which has a manufacturing capacity of 22,000 tons per annum and was set up in just nine months.

The new facility will employ over 500 people directly and since the plant will consume almost 25,000 metric tons of cotton annually, it will provide a stable source of livelihood to more than 30,000 farmers and will also see SVP Global's spindle capacity rise to 1,98,000 spindles.

“We are privileged and fortunate to be one of the first investments to fructify under the Resurgent Rajasthan programme and as part of the package, we have significant advantages like interest subsidy, VAT benefit and electricity duty rebate,” Chirag Pittie, managing director, SVP Group told Fibre2fashion.

The entire plant and machinery have been chosen from reputed companies like Rieter, Electro-Jet, LMW and Schlafhorst. The raw cotton and yarn will be tested in a world class quality control lab equipped with latest technology and quality control practices using testing machines from Uster.

“We will be manufacturing cotton combed compact yarn at our new plant, which is a premium yarn. Compact yarn is a value added product with low hairiness, high strength and lustre and better elongation properties with significant advantages in downstream processing,” Pittie informed.

Sharing his opinion on the Indian textile sector, Pittie stated, “Timely policy intervention by the government will boost competitiveness of this sector as the growth impetus is vibrant, while the government's Make-in-India campaign will bolster domestic as well as export growth.”

Click here to read the whole interview.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search