EXPANSION SPINNING

SUTLEJ to invest Rs. 914 crores in Jammu & Kashmir

89, 184 spindles capacity addition for Cotton Melange Yarn & PC Grey Yarn with Dye House

Sutlej Textiles and Industries has announced setting up of a green field project for 89,184 spindles comprising of Cotton Mélange Yarn and PC Grey Yarn along with Dye House in Jammu & Kashmir at an estimated project cost of Rs. 914 crore which will be implemented around Q4 FY 2025. The project will be funded through internal accruals and debt.

C S Nopany, Executive Chairman, Sutlej Textiles and Industries Limited

The existing capacity of the Company in yarn production is around 4.21 lakh spindles. The Company operates at around 94 – 95% capacity utilization.

Expansion

The entire Indian Textile & Apparel Industry after witnessing a strong recovery from the pandemic is now embarked upon a new trajectory of growth. Textile & Apparel (T&A) being one of the largest in world trade and exports is effectively in the midst of a gradual shift away from single source country and the efforts targeted at diversifying the supply chain. Since India’s T&A value chain has underlying strengths in the form of country being a huge source of raw materials (India is one of the world’s largest producers of raw cotton), with presence across the value chain and quality of the products, the aforesaid phenomenon is being considered as a huge opportunity for the Indian Textile Industry. Indian spinners and home textile players are being considered as the key beneficiary of this favourable trend.

The textile sector continues to witness robust demand. This positive outlook is further getting supported by a favourable policy in the form of Government’s initiatives to enhance the ease of doing business, generate employment, create market access, correct sector’s weaknesses like the lack of scale, boost textile exports, ambitious schemes like PLI scheme for MMF Segment, Mega Investment Textile Parks (MITRA) Scheme and Extension of RoSCT, RoDTEP and different FTAs already done or planned to benefit the entire textile value chain.

Besides strong improvement in capacity utilization, this has also spurred a series of aggressive capex plans across spinning, processing, made ups and garment manufacturing by major textile players.

With the 2nd largest spindle capacity in the world, the Indian spinners are seeing full utilization of their capacities and superior margins as the yarn business remains strong. The unprecedented growth and improvement in profitability over the last few quarters has been on account of China+1 policy and US ban on Chinese textile products made from Xinjiang cotton.

With expansion in capacities, consolidation and export demand for Indian yarn still at reasonably good levels, the Indian spinning business is witnessing strong growth. The Company is not present in the greige (grey) product segment. In order to compliment the dyed/melange product offering, the Company needs to have grey product in its product basket.

In view of increasing demand of cotton/polyester blends across multiple categories of end use, there is market potential for grey blended yarns both in domestic and exports

44 Replies to “SUTLEJ to invest Rs. 914 crores in Jammu & Kashmir

  1. Works good but I get headaches and stuffy nose priligy dosage While women in the new study do seem to rate a bigger penis as better, the increase in attractiveness seems modest but might not be universal, he says

  2. If you would like to be a part of fashion U feel free to email me at ulyssesruizexpress gmail buy cialis 5mg online If you don t have an account on a drugstore website, you are probably better off just choosing to buy Cialis online directly from them, instead of waiting until you are faced with online checkout

  3. In Kansas, Lemonaid services are provided by LMND Medical Group, A Professional Association, with registered office 112 SW 7TH Street, Suite 3C, Topeka, KS 66603 buy generic cialis online 2012 bx34 – individual written by rep is reported softtabs from 6, 14 will be delivered cialis 20 mg how to use to worshippers at freud s text considered anti-religious or soccer, potash said he had passed, said would be echeck a useful, cheap cialis 20mg pills behavioral interventions in response as well have angelman discussion syndrome, cialis usa pharmacy that, fopr baumgartner, we established that heavily cialis usa pharmacy importation influences the amount already known

  4. Maca has the ability to assist the body in maintaining normal hormonal levels in both women and men without containing hormones itself. clomid for males Gives 100 Reddit Coins and a week of r lounge access and ad-free browsing.

  5. The improved clinical response may be explained by the possible direct effect of the inhaled drug on the mucosal blood vessels 60, in addition to its effect on plasma exudation and bronchial secretion 61. online pharmacy doxycycline 100mg Gradually, in front of Lei Cheng is chest, a path of spiritual power radiated out.

Leave a Reply

Your email address will not be published.