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

Azerbaijan's Gilan Textile Park raises exports by 40%

Apparel/Garments | On 18th Aug 2018

Azerbaijan's Gilan Textile Park raises exports by 40%

Azerbaijan's Gilan Textile Park has raised its exports by 40 per cent ...

CPD studies living cost of Bangladesh RMG workers

Apparel/Garments | On 18th Aug 2018

CPD studies living cost of Bangladesh RMG workers

The living cost of readymade garment (RMG) workers in Bangladesh...

Brazilian cotton price index returns to April 2018 level

Textiles | On 18th Aug 2018

Brazilian cotton price index returns to April 2018 level

Cotton prices dropped in Brazil in the first fortnight of August as...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Top executives
Retailers

Weak rupee breeds inflation

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


August 2018

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

news category


Related Categories:

Advanced Search