The state government of Jammu & Kashmir (J&K) in India has approved several upgradation projects aimed at enhancing the productivity of silk and woollen mills operating under J&K Industries Limited (JKI).
The government has sanctioned a sum of Rs. 25 million for modernization of production process at Woollen Mills Bemina, while an additional sum of Rs. 27.5 million has been sanctioned for modernization of Silk Weaving Factory Rajbagh, it was revealed during the 149th meeting of JKI Board of Directors.
The project would boost Rajbagh Silk Weaving Factory's silk fabric producing capacity to 300,000 metres per annum.
Likewise, post modernization, the capacity of Bemina Woollen Mills to produce various kinds of fibres would grow from present 75,000 metres per year to 160,000 metres per annum. Moreover, its yarn producing capacity is also expected to grow to 60,000 kg per year.
JKI, which achieved a turnover of Rs. 26.1 million during last fiscal, is set to achieve a record turnover of Rs. 60 million this fiscal, and has set a target of Rs. 110 million for the next fiscal.
As J&K produces top notch quality silk, the government also proposes to shortly set up a high-tech silk showroom at Rajbagh, Srinagar with a total outlay of Rs. 8.5 million.
Fibre2fashion News Desk - India
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