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

Pic: Shutterstock

Textiles | On 25th Jun 2021

Half of all cotton-growing regions face severe climate risks by 2040

Climate change could expose half of cotton-growing regions globally...

Pic: Shutterstock

E-commerce | On 25th Jun 2021

UK shoppers struggle to be understood by chatbots: survey

Though chatbots are mainly used for customer service, more than half...

Pic: Shutterstock

Textiles | On 24th Jun 2021

Canada, Indonesia discuss Comprehensive Economic Partnership Agreement

Canada and Indonesia recently began negotiations over a Comprehensive ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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


June 2021

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


Advanced Search