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Raymond plans to invest Rs1400cr in greenfield cotton project at Amravati

Related Keywords: at Textile park Amravati, cotton shirting, creating world class linen, denim and garmenting, expand cotton textile manufacturing footprint, greenfield project, in a phased manner, plans to invest, project is in line with their strategy, Raymond, spread across five hundred acres

Raymond to expand its cotton textile manufacturing footprint plans to invest Rs1,400 crore in a phased manner in its greenfield project at Amravati. Spread across 500 acres, the project is in line with their strategy to expand the cotton textile manufacturing footprint by creating world-class linen, cotton shirting, denim and garmenting at the newly created Textile Park in Amravati, said Gautam Hari Singhania, Chairman and Managing Director, Raymond Group.

Spinning mills increasingly opting to upgrade their unit to produce compact yarn

Related Keywords: greenfield project, Lakshmi Machine Works, opting faster air jet looms, opting to upgrade units, produce compact yarn, retrofits cost lower, SIMA, spinning mills, Textile machinery major

A large number of spinning mills in the region are increasingly opting to upgrade their units to produce compact yarn through retrofits. They are also installing compact yarn spinning systems in their Greenfield project as well as for expansion. According to K Selvaraju, secretary general, Southern India Mills' Association (SIMA), mills are opting for retrofits as the costs are lower and weaving units are opting for faster air jet looms.

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