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

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Anisha Chaudhari
Threads & Shirts

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 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
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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