Related Keywords: Andhra Pradesh state, availability of raw cotton, combined investment, combined production of all spinning mills, factors responsible for investments, fifteen lakh spindles, incentives in form of power subsidies, ITC biggest player, set up nine spinning units, single-desk policy, skilled manpower, spinning industry continues to run smoothly
In Andhra Pradesh state, spinning industry continues to run smoothly and bring cheer to the otherwise gloomy industrial scenario in the district. As of the top ten industries established in the district during 2015-16, nine are spinning/textile units with a combined investment of Rs.14,500 crore. With this, the combined production of all spinning mills is 15.74 lakh spindles during 2015-16. However, ITC Limited remains the biggest player.
Moreover, with cotton produced in 65,000 hectares in the district, spinning and ginning industries have always fetched good returns.
