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Added Date - May 23,2022

Project Promoter Subscribers Only
Ownership Type Private Sector
Industry Textiles
Subcategory Manufacture of parts and accessories
Products & Capacity Blended (P/V, P/C) Yarn & Cotton Yarn (475 MT/M), Grey Fabric (593 MT/M)
Location Jam, Samudrapur
District Wardha
State Maharashtra
Investment From 1000 Million to 4999 Million
Status

Executive Summary

A prominent textile company, has announced plans for a cotton spinning project in Wardha, Maharashtra, involving 3056 Vortex mills. While the company filed an industrial memorandum in March 2022, as of May 2022, the project is still in the planning stage, with no specific timeline or progress details available. This venture holds the potential to boost the local economy and create jobs, signaling the company's ambition to cater to the growing cotton product demand. However, success hinges on factors like market demand and resource availability, making it essential to monitor the project's development. As of October 2023, it also includes the expansion of blended and cotton yarn, gray fabric, combed yarn, and processed fabric, with an investment of Rs. 3000 million, having received consent from state pollution control authorities.

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New Blended (P/V, P/C) Yarn & Cotton Yarn Mfg. Expansion Project in Wardha, Maharashtra

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