Gujarat ready to become hub of spinning industry, preparing for investment of 3500 crores in one and a half year
Gujarat has become such a state of our country where there is immense business potential. For the textile industry, there is nothing better than Gujarat. The quality of cotton of Gujarat is better than other states, which is why the demand for yarn here is also high. Due to high demand, many spinning mills here have made preparations for capacity expansion. Keeping this in view, it is planned to add at least 7 to 10 lakh new spindles in the coming one and a half to two years. According to the estimates of the Gujarat Spinners Association, an investment of Rs 3500 crore is to be made here in the coming year and a half. This information was given by Saurin Parikh, President of SAG Spinning Association Gujarat. He was speaking as an organizer in an event in the textile industry.
Government is ready to help
Recently GCCI Textile Leadership Conclave 2022 was organized in Ahmedabad. The conclave was attended by almost all industry experts from ginning to textile manufacturers including officials of 27 associations from different states. Union Minister of State for Textiles Darshana Jardosh attended the event as the chief guest. He said that the government is ready to extend all possible help to the textile industry. Whatever demand is there from your government, tell us, we will try our best to fulfill it.
10 new spinning mills to be started
It was told on the occasion that last year spinners all over Gujarat have made a lot of profit due to good export and domestic use. At present there are 110 spinning mills in the state. Whose capacity is 45 lakh spindles. 10 new spinning mills are likely to be commissioned in the coming year. With cotton prices rising, there is a lot of enthusiasm among yarn manufacturers to earn margins. This is the reason why more than 7 lakh spindles are being added in the coming 18 to 24 months.
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