Home / Knowledge / News / Textiles / Sintex's Pipavav textile plant to go operational by March
Sintex's Pipavav textile plant to go operational by March
11
Dec '14
File photo
File photo
Sintex Industries is expecting the phase-I of its textile plant near Pipavav port in Gujarat to become operational by March next year. This was disclosed by Amit Patel, managing director of Sintex.
 
Patel was speaking to mediapersons after attending a conference on ‘India – Opportunities for Global Investment in Textiles’, organised concurrently with ITMACH India exhibition in Gandhinagar.
 
The textile plant coming up at a distance of 6 km from Pipavav port in Amreli district will have spinning, weaving and knitting facilities. It will be the second textile plant of Sintex as it already has a plant located in Kalol town near Gandhinagar.
 
The Pipavav plant, to be set up in phase-wise manner at an investment of Rs 5,500 crore, is expected to be fully commissioned by 2017-18, according to Patel.
 
The textile plant will not be limited to cotton, and will produce multiple-fibre products like lycra, viscose and polyester. About 60-80 per cent of the products manufactured at the greenfield plant would be meant for exports, Patel said.
 
Asked about the reason for Sintex expanding its textile business, Patel said, “There is a huge opportunity in global textiles due to the share vacated by China and we want to maximise the same.” He also cited the Textile Policy of Gujarat government, announced in 2012, as one of the reasons that encouraged the company to set up the plant in Gujarat.
 
Patel said the company’s turnover was Rs 6,400 crore in 2013-14 with the growth rate of 20 per cent, and added that they expect the turnover to cross Rs 7,000 crore in current fiscal year. “We expect a turnover of Rs 9,000 to 10,000 crore for the company after the Pipavav plant runs at its full capacity,” he added. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

Textiles | On 18th Oct 2018

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

The revenue from the petrochemicals segment of Reliance Industries...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts 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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search