Related Keywords: global market, Gujarat textile policy, Sintex Industry, spindle, spinning business, spinning sector, Textile
Gujarat’s textile policy has made the spinning sector attractive moreover after observing positive trend in the global market for India, Sintex Industries to get into spinning business also . Sintex is setting up a spinning unit with 0.3 million spindles at a cost of Rs 1,800 crore in Gujarat and later plans to increase it up to 1 million spindles with a total capex of over Rs 5,000 crore over the next five years.
