Home / Knowledge / News / Textiles / Textile group Chiripal to invest Rs 3640 crore in Gujarat
Textile group Chiripal to invest Rs 3640 crore in Gujarat
15
Jan '15
Ahmedabad based textile group Chiripal Group has planned investments of Rs 3,640 crore in various segments of the textile industry in the next two years.

“Group company and second biggest denim fabric producer in India – Nandan Denim will invest Rs 612 crores at its Textile Park in Bidaj,” a statement from Chiripal Group said.

Among other investments, the group will invest around Rs 1,306 crores to expand its spinning and weaving activities under Chiripal Industries Limited and Shanti Exports Private Limited.

It is also expanding polypropylene (PP) capacity and is coming up with polyester chips manufacturing, packaging film coating and converting and manufacturing of BOPET at cost of Rs 1,172 crores.

They are also setting up a knitting plant and alongside manufacturing of terry towels will also be undertaken at an investment of around Rs 400 crores at Dholi village in Dholka taluka of Ahmedabad.

A Spinning Park under the name of Dholi Integrated Spinning Park Limited at Dholi has been planned at an investment of Rs 150 crore, which will house 11 spinning units and 5 weaving units.

“The investments are outcomes of Memorandums of Understanding (MoU) signed by the group with the state government at the Vibrant Gujarat Summit 2015 in Gandhinagar, the statement added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Apr 2021

NCTO seeks approval for collection of China 301 duties

The National Council of Textile Organizations (NCTO) of the US has...

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 19th Apr 2021

Vietnam's export sectors become M&A targets for foreigners

Vietnam's textiles-garment and leather-footwear sectors are facing a...

Pic: EIN Presswire

Apparel/Garments | On 19th Apr 2021

EC funds campaign on disastrous impact of fast fashion

With clothes consumption increasing by 60 per cent in only 15 years,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

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


April 2021

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


Advanced Search