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Related Keywords: company’s board meeting, considered and approved, deferred brownfield capacity expansion plan, integrated textile manufacturing company, jammu and kashmir, manufacture polyester staple fibre, recycling of pet bottles at Samba, setting up of a green fibre project, Sutlej Textiles and Industries

Sutlej Textiles and Industries is an integrated textile manufacturing company, at the company’s board meeting held on 8 January 2018, the setting up of a green fibre project to manufacture polyester staple fibre by recycling of pet bottles at Samba, Jammu and Kashmir has been considered and approved.

Sutlej Textiles and Industries surged 5.28% to Rs 107.60 at 09:45 IST on BSE after the company's board approved setting up of a plant in Jammu and Kashmir.

Related Keywords: 35member delegation, business opportunity, Cluster Network, Gujarati entrepreneurs, Jagat Shah, Jammu & Kashmir Economic Development Council, jammu and kashmir, Pashmina shawls, Salil Patel, Shree Patel Tradelink, Textile, Vibrant Gujarat Global Investors Summit

Two Gujarati entrepreneurs , Jagat Shah, CEO of Cluster Network and Salil Patel, Director of Shree Patel Tradelink Pvt Ltd from Ahmedabad smelling a business opportunity have planned to take a 35-member delegation to attend an event proposed to be held in Jammu and Kashmir this month-end, for the first time, on the lines of Vibrant Gujarat Global Investors’ Summit.

Related Keywords: jammu and kashmir, joinery Mills, modernisation, oldest indusry, revival plan, silk, silk factor, Silk Factory Rajbagh, wool, woolen mill, Woolen Mills Bemina

Silk and wool manufacture are the oldest industry of Jammu and Kashmir government, in a bid to restore the past glory of the traditional silk factory and wool mills in Jammu and Kashmir, government has devised a Rs 50 crore revival plan for modernisation of a silk factory and a woolen mill here.

The meeting, chaired by Minister of State for Industries and Commerce, Sajjad Ahmad Kichloo, was informed that over Rs 50 crore revival plan has been put together for modernisation and upgrading of the government Silk Factory Rajbagh and Woolen Mills Bemina.

Related Keywords: expansion plan, jammu and kashmir, Sutlej Textiles and Industries

Sutlej Textiles and Industries, one of India's leading textile producers with a value-chain extending from yarns to fabrics to home textile. As part of their expansion and modernization plan would be investing Rs.175 crore in their dyed yarn unit in Jammu and Kashmir. It will add 31,000 spindles to the existing 2,60,000 spindles.

SK Khandelia, CEO and President said that they have taken a term loan of Rs.131 crore and another Rs.44 crore will be used from internal accruals for this expansion project.