Home / Knowledge / News / Textiles / Marathawada & Vidharbha to get textile parks

Marathawada & Vidharbha to get textile parks

22
Jan '10
The Union Textile Ministry is contemplating setting up two textile parks in the cotton-rich regions of Marathawada and Vidharbha in Maharashtra. This was announced by Mr Dayanidhi Maran, while inaugurating the three refurbished mills owned by the state-owned National Textile Corporation (NTC).

NTC has spent around Rs 1.49 billion in modernizing these three mills; Tata, Poddar and India United Mills No 5. They have a combined spinning capacity of 140,000 spindles and around 2,500 workers are expected to get employment.

Other than these three mills, NTC has also taken up modernization of the New City Mill, Gold Mohur Mill, India United Mill No 1 and Apollo Mill in Mumbai through joint ventures with private companies.

NTC is taking up 43 mills for modernization of which, it will upgrade 24 by itself and the rest will be done through joint venture partners. It has also closed down 77 unviable mills and offered a VRS to 61,000 employees which resulted in an outgo of Rs 21 billion.

The state-owned entity is also setting up three greenfield projects at Hassan in Karnataka, Achalpur in Maharashtra and Ahmedabad in Gujarat at an investment of Rs 6 billion.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 30th Mar 2020

PRC economy to quickly return to potential growth: PBOC

China's economy will swiftly return to its potential growth rate,...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

COVID FightBack: Malaysia takes steps to tackle impact

Malaysia will grant a six-month delay on most loan payments to ease...

Pic: Shutterstock

Retail | On 30th Mar 2020

NRF hails US House of Representatives consent to CARES Act

The National Retail Federation has welcomed the quick passage by the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


March 2020

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


Advanced Search